GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sohar International Bank (MUS:BKSB) » Definitions » Momentum Rank

Sohar International Bank (MUS:BKSB) Momentum Rank : 0 (As of Jun. 20, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Sohar International Bank Momentum Rank?

Sohar International Bank 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.

Sohar International Bank Momentum Rank Related Terms

Thank you for viewing the detailed overview of Sohar International Bank's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Sohar International Bank (MUS:BKSB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sohar International Bank (MUS:BKSB) » Definitions » Momentum Rank
Comparable Companies
MUS:NBOB MUS:BKDB MUS:ABOB MUS:OAB MUS:BKNZ MUS:BKMB 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
Traded in Other Exchanges
N/A
Address
Hai Al Mina, P.O. Box 44, Muscat, OMN, 114
Website
https://www.soharinternational.com
Sohar International Bank is engaged in commercial, investment, and Islamic banking through a network of commercial and Islamic banking branches within the Sultanate of Oman. The bank has four operating segments; Retail banking Includes loans to and deposits from retail customers, credit card, and fund transfer facilities, Wholesale banking includes loans to and deposits from large and mid-sector corporates, small & medium enterprises and trade finance customers, Investments, and Treasury, The head office includes the balance sheet, income and expense related items, and Islamic banking Includes Islamic financing activities, current accounts, unrestricted investment accounts and other products and services to corporate and individual customers under Shari'a principles.

Sohar International Bank (MUS:BKSB) Headlines