GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Corporacion Financiera Colombiana SA (OTCPK:CRPFY) » Definitions » Momentum Rank

Corporacion Financiera Colombiana (Corporacion Financiera Colombiana) Momentum Rank : 0 (As of May. 11, 2024)


View and export this data going back to 1995. Start your Free Trial

What is Corporacion Financiera Colombiana Momentum Rank?

Corporacion Financiera Colombiana has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Corporacion Financiera Colombiana Momentum Rank Related Terms

Thank you for viewing the detailed overview of Corporacion Financiera Colombiana's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Corporacion Financiera Colombiana (Corporacion Financiera Colombiana) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Corporacion Financiera Colombiana SA (OTCPK:CRPFY) » Definitions » Momentum Rank
Comparable Companies
BOG:GRUBOLIVAR BOG:PORT BOG:PROTECCION BLK BX KKR OSTO:INVE A APO TSX:BN BK AMP LSE:III XSWX:PGHN OSTO:EQT BOM:543940 ARES TROW STT PFG LSE:LGEN
Traded in Other Exchanges
PFCORFICOL:Columbia CORFICOLCF:Columbia
Address
Carrera 13 No. 26-45, Floor 8, Bogota, COL
Website
https://www.corficolombiana.com
Corporacion Financiera Colombiana SA is a financial service provider based in Colombia. The company along with its subsidiaries provides investment banking, commercial banking, treasury, and investments services to its customers. Through its business divisions, it offers debt and capital resources, mergers and acquisitions services, liquidity solutions, and foreign currency.

Corporacion Financiera Colombiana (Corporacion Financiera Colombiana) Headlines

No Headlines