LivingTrust Mortgage Bank (NSA:LIVINGTRUST) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is LivingTrust Mortgage Bank Momentum Rank?

LivingTrust Mortgage 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.

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LivingTrust Mortgage Bank (NSA:LIVINGTRUST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » LivingTrust Mortgage Bank PLC (NSA:LIVINGTRUST) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

Gbongan Road, Km 2, Osun State, Osogbo, NGA, 4488

Website

https://www.livingtrustng.com

LivingTrust Mortgage Bank PLC is a primary mortgage institution that is regulated by the Other Financial Institutions Department of the Central Bank of Nigeria. The company provides Mortgage Financing, Real Estate Construction Financing and General Financial Services. The Bank's operations are in Osun State only and operates in just one geographical segment. The Bank is also engaged in one line of business which is Mortgage Banking, all its results are mortgage related.

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