Bank AL Habib (KAR:BAHL) Momentum Rank : 0 (As of Jun. 07, 2024)

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What is Bank AL Habib Momentum Rank?

Bank AL Habib 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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Bank AL Habib (KAR:BAHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank AL Habib Ltd (KAR:BAHL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

I.I. Chundrigar Road, 2nd Floor, Mackinnons Building, Karachi, SD, PAK

Website

https://www.bankalhabib.com

Bank AL Habib Ltd is a banking company in Pakistan. It provides banking services consisting of retail banking, current & savings accounts, credit cards, consumer banking products, provision of banking & other financial services to individual customers, small merchants & small-medium enterprises. The company also provides commercial banking such as banking services including treasury & international trade-related activities to large corporate customers, multinational companies, and government, & semi-government departments & institutions. Geographically, it operates in Pakistan, the Middle East & Asia- Pacific. The majority of revenue is from the Commercial banking segment.

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