BNK Banking (ASX:BBC) Momentum Rank : 5 (As of May. 13, 2024)

View and export this data going back to 2012. Start your Free Trial

What is BNK Banking Momentum Rank?

BNK Banking has the Momentum Rank of 5.

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 BNK Banking's Momentum Rank

For the Banks - Regional subindustry, BNK Banking'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.

BNK Banking's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where BNK Banking's Momentum Rank falls into.

BNK Banking Momentum Rank Related Terms

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

BNK Banking (ASX:BBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BNK Banking Corp Ltd (ASX:BBC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

191 St George’s Terrace, Level 14, Perth, WA, AUS, 6000

Website

https://www.bnk.com.au

BNK Banking Corp Ltd is engaged in the provision of a range of banking products and services to existing and new customers. The company offers a range of loan products, including home loans, personal loans, car loans, business loans. It also offers a range of savings and investments, including transaction and savings accounts and term deposits. The company offers general and health insurance. It offers deposit accounts, including General Savings Account and Business Account. The company's operating segment includes Banking and Aggregation. It generates maximum revenue from the Banking segment.