Yetu Microfinance Bank (DAR:YETU) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is Yetu Microfinance Bank Momentum Rank?

Yetu Microfinance Bank 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.

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Yetu Microfinance Bank (DAR:YETU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Yetu Microfinance Bank PLC (DAR:YETU) » Definitions » Momentum Rank

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Traded in Other Exchanges

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Address

Block 77, Kiungani Street, Mkunazini Building, Plot No. 16, P.O Box 75379, Mnazi Mmoja Area, Within Ilala District, Dar es salaam, TZA

Website

https://www.yetumfplc.co.tz

Yetu Microfinance Bank PLC is a provider of banking services in Tanzania. The company provides retail banking on the credit side, deposit side, and transactional/branch banking. Its segments include Micro enterprises that provide short-term loans of up to twelve months, deposits, and money transfers; Smallholder farmers that provide farm input loans, and agro-asset loans; Housing that delivers loans for house improvement in rural areas; Corporate entities that provide low- and middle-income households loans; and Community Financial services groups that include groups for deposit mobilization.

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