Tatra Banka a.s (XBRA:1TAT01DE) Momentum Rank : 0 (As of Jun. 16, 2024)

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What is Tatra Banka a.s Momentum Rank?

Tatra Banka a.s 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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Tatra Banka a.s (XBRA:1TAT01DE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tatra Banka a.s (XBRA:1TAT01DE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hodzovo Namestie 3, Bratislava, SVK, 81106

Website

http://www.tatrabanka.sk

Tatra Banka a.s is a Slovakia-based bank which provides various banking products and services. Business activity of the bank is breakdown into various segments which include Corporate Clients, Financial Institutions and Public Sector, Retail Customers, Investment Banking and Treasury, and Equity Investments and Others. The product portfolio of the company consists account and payment service, credit card facilities, loan facilities such as consumer and home loan, and saving and investment service which comprises of term deposit, passbook, investment in the mutual fund, fixed income and structured deposit. Business is primarily operated through the Slovakia region and most of the bank's revenue is derived from net interest income with the remaining coming from fees and commissions.

Tatra Banka a.s (XBRA:1TAT01DE) Headlines

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