LankaBangla Finance (DHA:LANKABAFIN) Momentum Rank : 0 (As of May. 11, 2025)

View and export this data going back to 2006. Start your Free Trial

What is LankaBangla Finance Momentum Rank?

LankaBangla Finance has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

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

LankaBangla Finance Momentum Rank Related Terms

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

LankaBangla Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LankaBangla Finance PLC (DHA:LANKABAFIN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

20, Kemal Ataturk Avenue, Safura Tower (Level 11), Banani, Dhaka, BGD, 1213

Website

https://www.lankabangla.com

LankaBangla Finance PLC is engaged in providing financial services. The company offers corporate financial services, personal financial services, SME financial services, stock broking, corporate advisory and wealth management services. It is a financial institution to operate credit card and provide third-party card processing services to different banks in Bangladesh. The company has four reportable segments being Core Financing Business; Brokerage; Investment Business, and Asset Management Business. It derives majority of its revenues from the Core Financing Business segment.

LankaBangla Finance Headlines

No Headlines