Glarner Kantonalbank (XSWX:GLKBN) Momentum Rank : 1 (As of May. 10, 2024)

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What is Glarner Kantonalbank Momentum Rank?

Glarner Kantonalbank has the Momentum Rank of 1.

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 Glarner Kantonalbank's Momentum Rank

For the Banks - Regional subindustry, Glarner Kantonalbank'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.

Glarner Kantonalbank's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where Glarner Kantonalbank's Momentum Rank falls into.

Glarner Kantonalbank Momentum Rank Related Terms

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Glarner Kantonalbank (XSWX:GLKBN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Glarner Kantonalbank (XSWX:GLKBN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GLKBNz:UK

Address

Hauptstrasse 21, PO Box 365, Glarus, CHE, 8750

Website

http://www.glkb.ch

Glarner Kantonalbank provides banking and financial services. Its services includes e-banking, private, savings, and investment banking services. It focuses on the mortgage and savings business as well as the asset management and investment business. The Bank provides its services to customers in the Canton of Glarus and in the neighboring economic area.

Glarner Kantonalbank (XSWX:GLKBN) Headlines

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