National Bank of Kuwait - Egypt (CAI:NBKE) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is National Bank of Kuwait - Egypt Momentum Rank?

National Bank of Kuwait - Egypt 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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National Bank of Kuwait - Egypt (CAI:NBKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Bank of Kuwait - Egypt (CAI:NBKE) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Plot No:155, City Centre, First Sector, 5th Settlement, New Cairo, EGY

Website

https://www.nbk.com

National Bank of Kuwait - Egypt is an Egypt-based public shareholding company. It provides corporate, retail, and investment banking products and services to individuals, corporate, and institutional clients in the Arab Republic of Egypt and the Middle East. The bank's services are structured into retail banking, Islamic banking, corporate banking, and the financial Market divisions. The bank offers its products and services to individuals, corporate and institutional clients, through a network of branches located in Egypt, in cities such as Cairo, Giza, Alexandria, Sohaj, and others.

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