Jamuna Bank (DHA:JAMUNABANK) Momentum Rank : 0 (As of Dec. 15, 2024)

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What is Jamuna Bank Momentum Rank?

Jamuna 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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Jamuna Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jamuna Bank PLC (DHA:JAMUNABANK) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Bir Uttam A.K Khandakar Road, Jamuna Bank Tower, Plot-14, Block-C, Gulshan-1, Dhaka, BGD, 1212

Website

https://www.jamunabankbd.com

Jamuna Bank PLC is a commercial bank. It offers a range of banking products and services such as personal banking, foreign trade, ADC, lease financing, industrial credit, and others. The business of the company has been divided into five segments which are Corporate Banking, Retail Banking, SME Banking, Agricultural and Micro Credit, and OBU, Credit Card, and others. The company earns the majority of its revenue from the Corporate Banking segment.

Jamuna Bank Headlines

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