TD Ameritrade Holding (LTS:0LC9) Momentum Rank : 0 (As of May. 05, 2024)

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What is TD Ameritrade Holding Momentum Rank?

TD Ameritrade Holding 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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TD Ameritrade Holding (LTS:0LC9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TD Ameritrade Holding Corp (LTS:0LC9) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 South 108th Avenue, Omaha, NE, USA, 68154

Website

http://www.amtd.com

TD Ameritrade is a leading retail brokerage and advisor services firm. Its largest shareholder is Toronto-Dominion Bank, which beneficially owns more than 40%. The firm offers trading in stocks, bonds, options, and other asset classes. Recently, TD Ameritrade derived approximately 55% of its revenue from interest-rate-related income and fees, 35% from commissions and transaction fees, and 10% from investment product and other revenue. Practically all of the company's revenue is generated in the United States. TD Ameritrade has a pending merger with Charles Schwab that is expected to close in the second half of 2020.

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