Midland Bank (DHA:MIDLANDBNK) Momentum Rank : 0 (As of Dec. 15, 2024)

View and export this data going back to 2023. Start your Free Trial

What is Midland Bank Momentum Rank?

Midland 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.

Midland Bank Momentum Rank Related Terms

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

Midland Bank Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

40/7, Gulshan Avenue, N. B. Tower, Level 6 - 9, Gulshan-2, Dhaka, BGD, 1212

Website

https://www.midlandbankbd.net

Midland Bank PLC provides a wide range of financial products (loans and deposits) and services that includes all kinds of Conventional and Islamic banking services to its customers. It offers commercial banking, consumer banking, trade services, cash management, treasury, cottage micro small, and medium enterprises (CMSMEs), retail, debit/credit card services, and clearing services to its customers.

Midland Bank Headlines

No Headlines