Bancontander Chile (XSGO:BSANTANDER) Momentum Rank : 7 (As of Apr. 30, 2024)

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What is Bancontander Chile Momentum Rank?

Bancontander Chile has the Momentum Rank of 7.

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.

Competitive Comparison of Bancontander Chile's Momentum Rank

For the Banks - Regional subindustry, Bancontander Chile's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bancontander Chile's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bancontander Chile's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bancontander Chile's Momentum Rank falls into.

Bancontander Chile Momentum Rank Related Terms

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Bancontander Chile (XSGO:BSANTANDER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Santander Chile (XSGO:BSANTANDER) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BSAC:USA BSA:Germany B1SA34:Brazil

Address

Bandera 140, 20th Floor, Santiago, CHL

Website

https://www.santander.cl

Founded in 1978, Banco Santander Chile is part of the Santander group and majority controlled by Santander Spain. Banco Santander is the largest bank in Chile by loans and the second largest by deposits. The bank generates most of its net interest income (roughly 65% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans. Banco Santander's commercial loan business is more focused on small- to medium-sized companies, with firms generating more than CLP 10,000 million in revenue only making up around 5% of outstanding loans. Outside of lending, Banco Santander is the largest card issuer in the country with around 25% of the market and benefits from a long-term strategic partnership with the largest airline in the country LATAM Chile.

Bancontander Chile (XSGO:BSANTANDER) Headlines

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