BankIslami Pakistan (KAR:BIPL) Momentum Rank : 0 (As of Apr. 14, 2025)

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

What is BankIslami Pakistan Momentum Rank?

BankIslami Pakistan 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.

BankIslami Pakistan Momentum Rank Related Terms

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

BankIslami Pakistan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BankIslami Pakistan Ltd (KAR:BIPL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Marine Drive, Block-4, 11th Floor, Executive Tower, Dolmen City, Karachi, SD, PAK

Website

https://www.bankislami.com.pk

BankIslami Pakistan Ltd provides various banking products and services in Pakistan. The Bank's segments include Trading and Sales including equity, foreign exchanges, commodities, money market placements, and Shariah-compliant debt investments; Retail Banking includes retail Islamic financing and related assets, deposits, and banking services offered to the Bank's retail customers; and Commercial Banking includes investment banking business, trade business and Islamic financing and related assets relating to the Bank's corporate, SME and agriculture customers; and Support Centre segment includes the assets and liabilities relating to support functions at Head Office and their related income and expenses. The Majority of the firm's revenue derives from the Retail Banking segment.

BankIslami Pakistan Headlines

No Headlines