ZBPRFCL.PFD (Zions Bancorp NA) Momentum Rank : 6 (As of Dec. 15, 2024)

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What is Zions Bancorp NA Momentum Rank?

Zions Bancorp NA has the Momentum Rank of 6.

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 Zions Bancorp NA's Momentum Rank

For the Banks - Regional subindustry, Zions Bancorp NA'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.

Zions Bancorp NA's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where Zions Bancorp NA's Momentum Rank falls into.

Zions Bancorp NA Momentum Rank Related Terms

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Zions Bancorp NA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Zions Bancorp NA (NYSE:ZBPRFCL.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ZIONO.PFD:USA ZIONP.PFD:USA ZION:USA 0M3L:UK ZB1:Germany ZB1:Germany Z1IO34:Brazil

Address

One South Main Street, Salt Lake City, UT, USA, 84133-1109

Website

https://www.zionsbancorporation.com

Zions Bancorporation is a regional us bank with core operations that span 11 states. The bank is headquartered in Salt Lake City and does business primarily in the Western and Southwestern United States. Zions primarily focuses on providing banking services to small and midsize businesses, with the bulk of its loans focused on commercial and commercial real estate lending.