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CIBanco Institucion de Banca Multiple (MEX:FCFE18) Momentum Rank : 0 (As of Jun. 21, 2024)


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What is CIBanco Institucion de Banca Multiple Momentum Rank?

CIBanco Institucion de Banca Multiple 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.

CIBanco Institucion de Banca Multiple Momentum Rank Related Terms

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CIBanco Institucion de Banca Multiple (MEX:FCFE18) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CIBanco SA Institucion de Banca Multiple (MEX:FCFE18) » Definitions » Momentum Rank
Comparable Companies
MEX:BBAJIOO MEX:FPLUS16 MEX:RA MEX:GFINBURO MEX:GFNORTEO CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN HKSE:01658 SAU:1180 BSP:ITUB3
Traded in Other Exchanges
N/A
Address
Paseo De La Reforma 115, Piso 23, Lomas De Chapultepec, Mexico, MEX, 11000
Website
http://www.cibanco.com
CIBanco SA Institucion de Banca Multiple provides financial products and services. The company's services include investment management, investment services and wealth management.

CIBanco Institucion de Banca Multiple (MEX:FCFE18) Headlines

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