Punjab & Sind Bank (NSE:PSB) Momentum Rank : 5 (As of Dec. 12, 2024)

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What is Punjab & Sind Bank Momentum Rank?

Punjab & Sind Bank has the Momentum Rank of 5.

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 Punjab & Sind Bank's Momentum Rank

For the Banks - Regional subindustry, Punjab & Sind Bank'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.

Punjab & Sind Bank's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Punjab & Sind Bank's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Punjab & Sind Bank's Momentum Rank falls into.

Punjab & Sind Bank Momentum Rank Related Terms

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Punjab & Sind Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Punjab & Sind Bank (NSE:PSB) » Definitions » Momentum Rank

Traded in Other Exchanges

533295:India

Address

21, Rajendra Place, Bank House, 1st Floor, New Delhi, IND, 110008

Website

https://www.punjabandsindbank.co.in

Punjab & Sind Bank is an Indian banking firm, which provides international and domestic banking products and services. Its business segments include Treasury, Corporate/ Wholesale Banking, Retail Banking, and Other Banking Operations. The majority of its revenue is generated from the Retail Banking segment. Its products consist of current accounts, savings accounts, mobile banking, corporate, Internet banking, retail loans, and others.