Grupo Mundial Tenedora (XPTY:GMUN) Momentum Rank : 0 (As of Jun. 19, 2024)

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What is Grupo Mundial Tenedora Momentum Rank?

Grupo Mundial Tenedora 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 Mundial Tenedora (XPTY:GMUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Grupo Mundial Tenedora SA (XPTY:GMUN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida La Rotonda Boulevard and East Coast, PH GMT Building, Fifth Floor, PO Box 0830-01433, La Rotonda Boulevard Avenue, Panama, PAN, 5

Website

http://www.grupomundial.com

Grupo Mundial Tenedora SA through its subsidiaries provides banking and financial services. The company's products and services include mortgage loans; personal, commercial, specialized, and agricultural banking services; consumer credits, personal loans, and leasing and factoring services; real estate trust and guarantee trust services for the financing of vehicles and high-valued residences; credit facility lines for the commercial and agricultural industries; and asset management services.

Grupo Mundial Tenedora (XPTY:GMUN) Headlines

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