Philippine Bank of Communications (PHS:PBC) Momentum Rank : 3 (As of Jun. 23, 2024)

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What is Philippine Bank of Communications Momentum Rank?

Philippine Bank of Communications has the Momentum Rank of 3.

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 Philippine Bank of Communications's Momentum Rank

For the Banks - Regional subindustry, Philippine Bank of Communications'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.

Philippine Bank of Communications's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Philippine Bank of Communications's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Philippine Bank of Communications's Momentum Rank falls into.

Philippine Bank of Communications Momentum Rank Related Terms

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Philippine Bank of Communications (PHS:PBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Philippine Bank of Communications (PHS:PBC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

6795 Ayala Avenue corner V.A. Rufino Street, PBCom Tower, P.O. Box 3281, Makati City, PHL, 1226

Website

https://www.pbcom.com.ph

Philippine Bank of Communications is a banking corporation registered in the Philippines. It is engaged in providing retail and commercial banking services such as savings, deposits, current accounts, cash management, checking, time deposit account, and debit cards. It also offers consumer loans such as home loans, auto loans, and personal loans as well as investment services and wealth management, SME (small-medium enterprises) loans, and corporate loans. It organizes its business into five segments namely Branch Banking, Corporate Banking, Treasury, Consumer Finance, and Trust and Wealth management. The company's revenue consists of interest income, dividends, fees, and commissions.

Philippine Bank of Communications (PHS:PBC) Headlines

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