TCF Financial (TCF Financial) Momentum Rank : 0 (As of May. 06, 2024)

View and export this data going back to 2012. Start your Free Trial

What is TCF Financial Momentum Rank?

TCF Financial 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.

TCF Financial Momentum Rank Related Terms

Thank you for viewing the detailed overview of TCF Financial's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

TCF Financial (TCF Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » TCF Financial Corp (NYSE:TCFPRBCL.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 West Fort Street, Suite 1800, Detroit, MI, USA, 48226

Website

https://www.tcfbank.com

TCF Financial is a bank and financial services provider operating throughout the United States and Canada. The company operates in three segments: commercial banking, which provides industrial and commercial banking and leasing services; consumer banking, which provides personal loans and wealth management services through retail banks; and enterprise services, which includes the company's capital management and operational functions. The majority of branches are concentrated in the U.S. Midwest, Colorado, Arizona, and South Dakota.