Vestjysk Bank AS (LTS:0GGK) Momentum Rank : 10 (As of Apr. 14, 2025)

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What is Vestjysk Bank AS Momentum Rank?

Vestjysk Bank AS has the Momentum Rank of 10.

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.

Competitive Comparison of Vestjysk Bank AS's Momentum Rank

For the Banks - Regional subindustry, Vestjysk Bank AS'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.

Vestjysk Bank AS's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where Vestjysk Bank AS's Momentum Rank falls into.

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Vestjysk Bank AS Momentum Rank Related Terms

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Vestjysk Bank AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Vestjysk Bank AS (LTS:0GGK) » Definitions » Momentum Rank

Traded in Other Exchanges

VJBA:Denmark 24V:Germany

Address

Industrivej Syd 13C, Herning, DNK, DK-7400

Website

https://www.vestjyskbank.dk

Vestjysk Bank AS is a regional bank. The bank provides a range of banking products and financial services to private and corporate customers. Its product portfolio comprises credit cards, savings accounts, mortgages, loans, pension funds, insurance, financing, leasing, as well as related advisory and investment services, among others. The bank operates an online banking facility, named Netbank, which offers access to payments, transfers, electronic invoices, product overviews, mobile banking, and securities trading.

Vestjysk Bank AS Headlines

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