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Millennium Bankshares (Millennium Bankshares) Momentum Rank : 0 (As of May. 21, 2024)


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What is Millennium Bankshares Momentum Rank?

Millennium Bankshares 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.

Millennium Bankshares Momentum Rank Related Terms

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Millennium Bankshares (Millennium Bankshares) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Millennium Bankshares Corp (OTCPK:MBVA) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
1601 Washington Plaza, Reston, VA, USA, 20190
Website
https://www.millenniumbank.com
Millennium Bankshares Corp is a bank holding company. The Company through its bank holding provides commercial, retail and consumer banking services to meet the needs of businesses and consumers in the communities it serves.
Executives
Williams Frank E Jr other: 9% Ownership 2789-B HARTLAND ROAD, FALLS CHURCH VA 22043

Millennium Bankshares (Millennium Bankshares) Headlines

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