IBF Financial Holdings Co (TPE:2889) Momentum Rank : 6 (As of Jun. 23, 2024)

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What is IBF Financial Holdings Co Momentum Rank?

IBF Financial Holdings Co has the Momentum Rank of 6.

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 IBF Financial Holdings Co's Momentum Rank

For the Capital Markets subindustry, IBF Financial Holdings Co'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.

IBF Financial Holdings Co's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IBF Financial Holdings Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where IBF Financial Holdings Co's Momentum Rank falls into.

IBF Financial Holdings Co Momentum Rank Related Terms

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IBF Financial Holdings Co (TPE:2889) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IBF Financial Holdings Co Ltd (TPE:2889) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17, Lequn Third Road, 128th Floor, Zhongshan District, Taipei, TWN, 104

Website

https://www.ibf.com.tw

IBF Financial Holdings Co Ltd along with its subsidiaries is engaged in underwriting, certification as well as endorsements and guarantees of short-term bills; trading and underwriting securities such as commercial papers and bonds; consignment trading of securities; financing and short selling as well as lending and borrowing business of securities; trading as well as introducing brokerage services of futures; agency and leasing business of real estate and movables as well as venture capital business.

IBF Financial Holdings Co (TPE:2889) Headlines

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