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Islami Bank Bangladesh (DHA:ISLAMIBANK) Momentum Rank : 0 (As of May. 01, 2024)


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What is Islami Bank Bangladesh Momentum Rank?

Islami Bank Bangladesh 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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Islami Bank Bangladesh (DHA:ISLAMIBANK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Islami Bank Bangladesh PLC (DHA:ISLAMIBANK) » Definitions » Momentum Rank
Comparable Companies
DHA:BRACBANK DHA:DUTCHBANGL DHA:EBL DHA:PUBALIBANK DHA:TRUSTBANK DHA:NBL DHA:CITYBANK DHA:ALARABANK DHA:PRIMEBANK DHA:BANKASIA CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
N/A
Address
Islami Bank Tower, 40, Dilkusha Commercial Area, Dhaka, BGD, 1000
Website
https://www.islamibankbd.com
Islami Bank Bangladesh PLC is engaged in commercial banking business based on Islamic Shariah. The company product and services categories include Deposit; Investment; NRB(Non-Resident Bangladeshi) Entrepreneurs Services; SME Information; Locker Service and Offshore Banking Units (OBU). The Bank conducts its business on the Shari'ah principle of Mudaraba, Musharaka, Bai-Murabaha, Bai-Muajjal, Hire Purchase under Shirkatul Melk, Bai-Salam, Bai-as-Sarf and Ujarah etc.

Islami Bank Bangladesh (DHA:ISLAMIBANK) Headlines

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