First Security Islami Bank (DHA:FIRSTSBANK) Momentum Rank : 0 (As of Jun. 05, 2024)

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What is First Security Islami Bank Momentum Rank?

First Security Islami Bank 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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First Security Islami Bank (DHA:FIRSTSBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Security Islami Bank PLC (DHA:FIRSTSBANK) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Rangs RD Center, Block: SE (F), Plot:03, Gulshan Avenue, Gulshan - 1, Dhaka, BGD, 1212

Website

https://www.fsiblbd.com

First Security Islami Bank Ltd is a commercial bank. The bank's activities include accepting deposits, making loans, discounting bills, conducting money transfers and foreign exchange transactions, and performing other services. The company mainly focuses on deposit mobilization and investing activities comprising of short-term, long-term, import, and export financing. The company invests in rural and agriculture, garments, jute, cement and bricks, tannery, steel and engineering, food and beverage, chemical and pharmaceuticals, printing and packaging, glass, and ceramics.

First Security Islami Bank (DHA:FIRSTSBANK) Headlines

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