Burgan BankK (KUW:BURG) Momentum Rank : 0 (As of Apr. 28, 2025)

View and export this data going back to 1984. Start your Free Trial

What is Burgan BankK Momentum Rank?

Burgan BankK 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.

Burgan BankK Momentum Rank Related Terms

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

Burgan BankK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Burgan Bank SAK (KUW:BURG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abdulla Al-Ahmad Street, Block 1, P.O. Box 5389, Building No. 22, Al Sharq, Safat, Kuwait, KWT, 12170

Website

https://www.burgan.com

Burgan Bank SAK is a Kuwait-based banking entity. Domestically, the company operates in the following business segments: Corporate and Consumer banking, Treasury, FI and Investment banking, and Central Office. In addition, all of its operations outside Kuwait are classified as International. A majority of its revenue is generated from the Corporate and Consumer banking segment, which provides comprehensive products and services to corporate and individual customers, including lending, deposits, trade services, foreign exchange, advisory services, credit and debit cards, and others. Geographically, the company generates maximum revenue from its business in Kuwait, and also has a presence in Turkey, Algeria, and Tunisia.