Bank of Communications Co (HKSE:03328) Momentum Rank : 10 (As of Dec. 15, 2024)

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What is Bank of Communications Co Momentum Rank?

Bank of Communications Co has the Momentum Rank of 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.

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

Competitive Comparison of Bank of Communications Co's Momentum Rank

For the Banks - Diversified subindustry, Bank of Communications 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 Communications Co's Momentum Rank Distribution in the Banks Industry

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

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

Bank of Communications Co Momentum Rank Related Terms

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Bank of Communications Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Communications Co Ltd (HKSE:03328) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BKFCF:USA BCMXY:USA C4C:Germany 601328:China

Address

No.188, Yin Cheng Zhong Lu, Pilot Free Trade Zone, Pudong New District, Shanghai, CHN, 200120

Website

https://www.bankcomm.com

Bank of Communications, or Bocom, is the only state-owned bank with headquarters in Shanghai. As one of China's four oldest banks, Bocom became China's first state-owned shareholding commercial bank in 1987. Today, Bocom is amid a strategic transformation, building itself into a global wealth-management bank with wide-ranging financial operations, including insurance, brokerage, trust, and asset management.

Executives

Hsbc Holdings Plc

2201 Interest of corporation controlled by you

Bank of Communications Co Headlines

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