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BNS Split II (TSX:BSC.PR.C.PFD) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is BNS Split II Momentum Rank?

BNS Split II 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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BNS Split II (TSX:BSC.PR.C.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BNS Split Corp II (TSX:BSC.PR.C.PFD) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
150 King Street West, 18th Floor, Toronto, ON, CAN, M5H 1J9
Website
http://www.scotiamanagedcompanies.com
BNS Split Corp II is a Canada based company. It holds a portfolio consisting of common shares of the Bank of Nova Scotia in order to generate income for the holders of the company's preferred shares and to enable the holders of the company's capital shares to participate in any capital appreciation in the BNS shares. The company receives maximum revenue in the form of dividend income.

BNS Split II (TSX:BSC.PR.C.PFD) Headlines

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