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Grupo BanDelta Holding (XPTY:GBHC) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Grupo BanDelta Holding Momentum Rank?

Grupo BanDelta Holding 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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Grupo BanDelta Holding (XPTY:GBHC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grupo BanDelta Holding Corp (XPTY:GBHC) » Definitions » Momentum Rank
Comparable Companies
XPTY:TOWC SHSE:600036 NSE:HDFCBANK HKSE:01658 MIC:SBERP USB TFC PNC SHSE:601166 BSP:ITUB3 SHSE:600000 ISX:BBCA XPAR:BNP LBSI SAU:1120 SZSE:000001 SGX:D05 SHSE:600016 BSP:BBDC3 TSE:7182
Traded in Other Exchanges
N/A
Address
Via Spain and Elvira Mendez Street, Delta Tower, Ground Floor, Panama, PAN, 0816-00548
Website
https://www.bandelta.com
Grupo BanDelta Holding Corp is involved in providing working capital for small and medium enterprises in Panama. The services provided by the company include Personal Banking, Preferential Banking, Micro Enterprise Banking, and Small Business Banking.

Grupo BanDelta Holding (XPTY:GBHC) Headlines

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