Woori Bank (Woori Bank) Momentum Rank : 0 (As of Apr. 28, 2024)

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What is Woori Bank Momentum Rank?

Woori 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.

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Woori Bank (Woori Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Woori Bank (NYSE:WF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.wooribank.com

Woori Bank is a commercial bank domiciled in Korea. The company organises its operations across six segments: consumer banking, corporate banking, investment banking, capital market, credit card, and headquarter and others. The company principally earns revenue from interest income, with most of this is derived from consumer and corporate customers. Consumer and corporate banking together represent the vast majority of revenue, and the bank generates the majority of its revenue domestically. The Korean government is a majority shareholder in Woori Bank.

Woori Bank (Woori Bank) Headlines

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