CIMB Thai Bank (BKK:CIMBT) Momentum Rank : 3 (As of May. 11, 2024)

View and export this data going back to 1978. Start your Free Trial

What is CIMB Thai Bank Momentum Rank?

CIMB Thai Bank has the Momentum Rank of 3.

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 CIMB Thai Bank's Momentum Rank

For the Banks - Regional subindustry, CIMB Thai 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.

CIMB Thai Bank's Momentum Rank Distribution in the Banks Industry

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

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

CIMB Thai Bank Momentum Rank Related Terms

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

CIMB Thai Bank (BKK:CIMBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CIMB Thai Bank PLC (BKK:CIMBT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Langsuan Road, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.cimbthai.com

CIMB Thai Bank PLC is a financial service provider in Thailand. It provides consumer banking, commercial banking, investment banking, Islamic banking, asset management and insurance products and services. The bank has a presence in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, and Laos. It operates through CIMB Bank, CIMB Investment Bank, and CIMB Islamic. Its segments are Consumer Banking, Wholesale Banking, and Others, out of which it earns its maximum revenue from consumer banking.

CIMB Thai Bank (BKK:CIMBT) Headlines

No Headlines