Bank of Qingdao Co (FRA:4BQ) Momentum Rank : 8 (As of May. 27, 2024)

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What is Bank of Qingdao Co Momentum Rank?

Bank of Qingdao Co has the Momentum Rank of 8.

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.

Competitive Comparison of Bank of Qingdao Co's Momentum Rank

For the Banks - Regional subindustry, Bank of Qingdao Co's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bank of Qingdao Co's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of Qingdao Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bank of Qingdao Co's Momentum Rank falls into.

Bank of Qingdao Co Momentum Rank Related Terms

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Bank of Qingdao Co (FRA:4BQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Qingdao Co Ltd (FRA:4BQ) » Definitions » Momentum Rank

Traded in Other Exchanges

03866:Hong Kong 002948:China

Address

No. 6 Qinling Road, Building 3, Laoshan District, Shandong Province, Qingdao, CHN, 266061

Website

https://www.qdccb.com

Bank of Qingdao Co Ltd is engaged in the banking business. Its main segments include corporate banking, retail banking, and financial market business. The corporate banking segment offers financial products and services to corporations, government agencies, and financial institutions. The retail banking segments comprise personal loans and deposit services, whereas the financial market business covers inter-bank money market transactions, repurchases transactions, investments in debt securities, and non-standardized debt investments, and others. It generates most of its revenue from the corporate business segment.

Bank of Qingdao Co (FRA:4BQ) Headlines

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