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TF Bank AB (OSTO:TFBANK) Momentum Rank : 0 (As of May. 29, 2024)


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What is TF Bank AB Momentum Rank?

TF Bank AB 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.

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TF Bank AB (OSTO:TFBANK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » TF Bank AB (OSTO:TFBANK) » Definitions » Momentum Rank
Comparable Companies
TSE:2341 TSE:3678 TSE:9479 TSE:9476 TSE:3931 TSE:2408 TSE:3641 TSE:2376 NGO:9471 TSE:2481 CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
6TF:Germany
Address
Lilla Brogatan 6, PO Box 947, Boras, SWE, 50110
Website
https://www.tfbankgroup.com
TF Bank AB is an internet-based niche bank which offers consumer banking services and Ecommerce Solutions through a proprietary IT platform with a high degree of automation. It is engaged in deposit and lending operations for private individuals in Sweden and Finland, as well as cross-border lending operations in Norway, Denmark, Estonia, Latvia, and Poland. The company operates through three segments Consumer Lending, Ecommerce Solutions, and Credit Cards.

TF Bank AB (OSTO:TFBANK) Headlines

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