Global IME Bank (XNEP:GBIME) Momentum Rank : 0 (As of May. 14, 2024)

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What is Global IME Bank Momentum Rank?

Global IME Bank 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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Global IME Bank (XNEP:GBIME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Global IME Bank Ltd (XNEP:GBIME) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

IME Complex, Panipokhari, P.O. Box: 19327, Kathmandu, NPL

Website

http://www.globalimebank.com

Global IME Bank Ltd operates as a commercial bank in Nepal which provides entire commercial banking services. The bank offers a complete range of banking products in deposits, lending, trade finance, and remittances. Its deposit product portfolio encompasses customer tailored saving deposits, fixed deposits, call and current deposits. The lending product portfolio includes commercial loan products such as demand loans, cash credits, overdrafts, trust receipts, and term loans, whereas a complete portfolio of personal and retail credit products are also provided by the bank. It also provides internet and mobile banking services.

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