Bank Leumi Le-Israel BM (Bank Leumi Le-Israel BM) Momentum Rank : 6 (As of May. 06, 2024)

View and export this data going back to 2013. Start your Free Trial

What is Bank Leumi Le-Israel BM Momentum Rank?

Bank Leumi Le-Israel BM has the Momentum Rank of 6.

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 Bank Leumi Le-Israel BM's Momentum Rank

For the Banks - Regional subindustry, Bank Leumi Le-Israel BM'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.

Bank Leumi Le-Israel BM's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank Leumi Le-Israel BM's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bank Leumi Le-Israel BM's Momentum Rank falls into.

Bank Leumi Le-Israel BM Momentum Rank Related Terms

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

Bank Leumi Le-Israel BM (Bank Leumi Le-Israel BM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Leumi Le-Israel BM (OTCPK:BLMIF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

LUMI:Israel

Address

24-34 Yehuda Halevi Street, Tel Aviv, ISR, 65546

Website

https://www.bankleumi.co.il

Bank Leumi Le-Israel BM is an Israeli banking and financial services company. The products and services offered by the company include consumer loans, mortgages, commercial banking services, and capital market services, among others. The company organizes itself into below operating segments: Banking; Mortgages; Commercial; Corporate banking; Real estate; Capital markets and Others. The company generates the majority of its revenue through the provision of banking and services to private customers and small businesses, and a vast majority of its revenue is earned in Israel.