Hachijuni Bank (Hachijuni Bank) Momentum Rank : 1 (As of May. 08, 2024)

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What is Hachijuni Bank Momentum Rank?

Hachijuni Bank has the Momentum Rank of 1.

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 Hachijuni Bank's Momentum Rank

For the Banks - Regional subindustry, Hachijuni 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.

Hachijuni Bank's Momentum Rank Distribution in the Banks Industry

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

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

Hachijuni Bank Momentum Rank Related Terms

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Hachijuni Bank (Hachijuni Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hachijuni Bank Ltd (OTCPK:HACBY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

8359:Japan

Address

178-8 Okada, Nagano, JPN, 380-8682

Website

http://www.82bank.co.jp

Hachijuni Bank Ltd is a Japan-based company that is principally engaged in banking. The company is a regional bank, with its business mainly based in Nagano Prefecture. The company's core business segments consist of the leasing business segment and the banking business segment, which includes the banking and credit card businesses. The company generates the majority of revenue from the banking business segment. The majority of its branches are located in certain areas of Japan, and the firm also has a business presence in overseas markets such as Hong Kong, Dalian, Shanghai, and Bangkok.

Hachijuni Bank (Hachijuni Bank) Headlines

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