Firstrand (Firstrand) Momentum Rank : 5 (As of May. 25, 2024)

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What is Firstrand Momentum Rank?

Firstrand has the Momentum Rank of 5.

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 Firstrand's Momentum Rank

For the Banks - Diversified subindustry, Firstrand'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.

Firstrand's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where Firstrand's Momentum Rank falls into.

Firstrand Momentum Rank Related Terms

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

Firstrand (Firstrand) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firstrand Ltd (OTCPK:FANDY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FSR:South Africa FST:Namibia FSRA:Germany

Address

Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.firstrand.co.za

Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The bank's retail and commercial brand is the contributor of normalized earnings, followed by its corporate and investment brand. FirstRand's retail and commercial division emphasizes a diverse range of financial services with a strategic emphasis on cost controls and digital platforms. The bank's corporate and investment brand heavily relies on its origination franchise as part of its value proposition.

Firstrand (Firstrand) Headlines

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Firstrand Ltd's Dividend Analysis

By GuruFocus Research • 10-11-2023