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National Bank of Iraq (IQS:BNOI) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is National Bank of Iraq Momentum Rank?

National 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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National Bank of Iraq (IQS:BNOI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Bank of Iraq (IQS:BNOI) » Definitions » Momentum Rank
Comparable Companies
PHS:CSB COL:PABC.N0000 FSE:8559 COL:ABL.N0000 TSE:7150 KAR:SILK FSE:8560 TSE:8562 TSE:8563 BOM:532180 TSE:8416 KAR:BOK ISX:BABP ISX:BNII XPAE:PIBC ISX:INPC KAR:SNBL FSE:8540 XKRX:007330 FSE:8554
Traded in Other Exchanges
N/A
Address
Al-Saadoun street, Near Firdows square, Baghdad, IRQ
Website
https://www.nbi.iq
National Bank of Iraq provides commercial banking services. It offers personal accounts, loans and credit cards, fund transfers, business accounts, trade finance and credit facilities, portfolio management, Investment funds, and structured products among others. It has more than twenty branches throughout Iraq. It provides banking services to companies and individuals in Iraq.

National Bank of Iraq (IQS:BNOI) Headlines

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