Auswide Bank (ASX:ABA) Momentum Rank : 2 (As of May. 13, 2024)

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What is Auswide Bank Momentum Rank?

Auswide Bank has the Momentum Rank of 2.

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 Auswide Bank's Momentum Rank

For the Banks - Regional subindustry, Auswide Bank'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.

Auswide Bank's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where Auswide Bank's Momentum Rank falls into.

Auswide Bank Momentum Rank Related Terms

Thank you for viewing the detailed overview of Auswide Bank's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Auswide Bank (ASX:ABA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Auswide Bank Ltd (ASX:ABA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-20 Barolin Street, Level 3, Floor 5, Bundaberg, QLD, AUS, 4670

Website

https://www.auswidebank.com.au

Auswide Bank Ltd engages in providing banking, finance products, and services to retail customers with residential lending and retail deposits. It offers loans, savings and investments, insurance, foreign exchange, and banking services. Its loan products include home, car, personal, and business term loans; business overdrafts; business lines of credit; and bank guarantees; and commercial vehicle and equipment finance. The company operates in one geographical segment which is the Commonwealth of Australia..

Auswide Bank (ASX:ABA) Headlines

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