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Eastern Bank (DHA:EBL) Momentum Rank : 0 (As of Apr. 27, 2024)


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What is Eastern Bank Momentum Rank?

Eastern 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.

Eastern Bank Momentum Rank Related Terms

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Eastern Bank (DHA:EBL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Bank Plc (DHA:EBL) » Definitions » Momentum Rank
Comparable Companies
DHA:DUTCHBANGL DHA:PUBALIBANK DHA:TRUSTBANK DHA:NBL DHA:CITYBANK DHA:ALARABANK DHA:PRIMEBANK DHA:BANKASIA DHA:SHAHJABANK DHA:IFIC CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
N/A
Address
100 Gulshan Avenue, Gulshan, Dhaka, BGD, 1212
Website
https://www.ebl.com.bd
Eastern Bank Plc is a commercial bank. It provides a full range of real-time online banking services such as retail loan products, business loans, LC trade, deposits, through all Branches, ATMs and Internet Banking Channels. The reportable segments of the group are DBO (Domestic Banking Operation), OBO (Offshore Banking Operation), EBL Securities Limited (EBLSL), EBL Investments Limited (EBLIL), EBL Finance (HK) Limited and EBL Asset Management Limited (EBLAML).

Eastern Bank (DHA:EBL) Headlines

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