GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BSP Financial Group Ltd (ASX:BFL) » Definitions » Momentum Rank

BSP Financial Group (ASX:BFL) Momentum Rank : 0 (As of May. 26, 2024)


View and export this data going back to 2021. Start your Free Trial

What is BSP Financial Group Momentum Rank?

BSP Financial Group 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.

BSP Financial Group Momentum Rank Related Terms

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

BSP Financial Group (ASX:BFL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BSP Financial Group Ltd (ASX:BFL) » Definitions » Momentum Rank
Comparable Companies
ASX:BOQ ASX:JDO ASX:MYS ASX:ABA ASX:BBC ASX:BEN CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN HKSE:01658 SAU:1180
Traded in Other Exchanges
N/A
Address
Klinki Street, Waigani Drive, Section 34, Allotment 6 and 7, Hohola, Port Moresby, PNG, 121
Website
https://www.bsp.com.pg
BSP Financial Group Ltd is a diversified business covering banking, asset finance, life insurance, funds management, and corporate advisory services across the South Pacific and South-East Asia. The company's operating segment includes PNG Bank; Offshore Banks and Non-Bank Entities. It generates a vast majority of its revenues from the PNG Bank segment.

BSP Financial Group (ASX:BFL) Headlines

No Headlines