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Islandsbanki hf (OISE:ISB) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Islandsbanki hf Momentum Rank?

Islandsbanki hf 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.

Islandsbanki hf Momentum Rank Related Terms

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Islandsbanki hf (OISE:ISB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Islandsbanki hf (OISE:ISB) » Definitions » Momentum Rank
Comparable Companies
OISE:ARION OISE:KVIKA 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 USB BSP:ITUB3 MIL:ISP ISX:BBRI
Traded in Other Exchanges
N/A
Address
Hagasmari 3, Kopavogur, ISL, 201
Website
https://www.islandsbanki.is
Islandsbanki hf is a customer-centric universal bank, headquartered in Iceland. The company's segment include Personal Banking; Business Banking; Corporate and Investment Banking; Treasury and Proprietary Trading and Cost centres. It generates maximum revenue from the Personal Banking segment. Personal Banking provides comprehensive financial services to individuals, such as lending, savings and payments.

Islandsbanki hf (OISE:ISB) Headlines

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