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Bank Fur Tirol und Vorarlberg AG (WBO:BTV) Momentum Rank : 0 (As of May. 08, 2024)


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What is Bank Fur Tirol und Vorarlberg AG Momentum Rank?

Bank Fur Tirol und Vorarlberg AG 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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Bank Fur Tirol und Vorarlberg AG (WBO:BTV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Fur Tirol und Vorarlberg AG (WBO:BTV) » Definitions » Momentum Rank
Comparable Companies
WBO:BKS WBO:ADKO WBO:WPB WBO:BG WBO:RBI WBO:OBS CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN HKSE:01658 SAU:1180
Traded in Other Exchanges
BTS:Austria
Address
Stadtforum 1, Innsbruck, AUT, 6020
Website
http://www.btv.at
Bank Fur Tirol und Vorarlberg AG provides banking and financial products and services. It operates in Austria, Switzerland and Germany. It has corporate clients, retail clients, institutional clients and banks, leasing, and cable cars segments. The firm derives the majority of the revenues from the corporate client's segment.

Bank Fur Tirol und Vorarlberg AG (WBO:BTV) Headlines

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