Graubuendner Kantonalbank (LTS:0QLT) Momentum Rank : 2 (As of May. 25, 2024)

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What is Graubuendner Kantonalbank Momentum Rank?

Graubuendner Kantonalbank has the Momentum Rank of 2.

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.

Competitive Comparison of Graubuendner Kantonalbank's Momentum Rank

For the Banks - Regional subindustry, Graubuendner Kantonalbank'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.

Graubuendner Kantonalbank's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where Graubuendner Kantonalbank's Momentum Rank falls into.

Graubuendner Kantonalbank Momentum Rank Related Terms

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Graubuendner Kantonalbank (LTS:0QLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Graubuendner Kantonalbank (LTS:0QLT) » Definitions » Momentum Rank

Traded in Other Exchanges

GRKP:Switzerland

Address

Postplatz, Chur, CHE, 7001

Website

https://www.gkb.ch

Graubuendner Kantonalbank is a banking corporation in Switzerland. It is engaged in providing banking products and service to private and corporate customers. The company provides a private account, savings accounts, foreign currency accounts, cards, payment services and others. It also provides mortgage facilities, loans, and advances. The company is also involved in providing financial advice, asset management, investment advice, pension and insurance and others.

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