Investment Bank Of Iraq (IQS:BIBI) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is Investment Bank Of Iraq Momentum Rank?

Investment Bank Of Iraq 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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Investment Bank Of Iraq (IQS:BIBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Investment Bank Of Iraq (IQS:BIBI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Wahda District, Mahalla: 902, Al-Zaqaq: 2, Building: 27, PO Box 3724, Baghdad, IRQ

Website

https://www.ibi-bankiraq.com

Investment Bank Of Iraq provides commercial banking services. Its services include saving, current, and deposit accounts, loans and demand deposits, discounting bills, purchasing drafts, banking guarantees, and loans on gold and swift services among others. it provides medium and long-term loans to exporters. It also engaged in the management of the investment portfolios.

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