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Al Baraka Group BSC (BAH:BARKA) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is Al Baraka Group BSC Momentum Rank?

Al Baraka Group BSC 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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Al Baraka Group BSC (BAH:BARKA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Al Baraka Group BSC (BAH:BARKA) » Definitions » Momentum Rank
Comparable Companies
BAH:BASREC BAH:GHG BAH:SOLID BAH:BNH BAH:BISB BAH:CINECO BAH:GFH BAH:POLTRY BAH:ZAINBH BAH:KHALEEJI JPM SHSE:601398 BAC SHSE:601288 WFC SHSE:601939 LSE:HSBA SHSE:601988 TSX:RY ASX:CBA
Traded in Other Exchanges
N/A
Address
Bahrain Bay, P.O. Box 1882, Manama, BHR
Website
https://www.albaraka.com
Al Baraka Group BSC is engaged in investment firm activities in the Middle East, Europe, and African region. The principal activities of the ABG and its subsidiaries comprise of international and commercial banking, financing, treasury and investment activities. Majority of revenue is generated from Middle East.

Al Baraka Group BSC (BAH:BARKA) Headlines

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