The Bank of Khyber (KAR:BOK) Momentum Rank : 0 (As of Jun. 07, 2024)

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What is The Bank of Khyber Momentum Rank?

The Bank of Khyber 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.

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The Bank of Khyber (KAR:BOK) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

24 - The Mall, Peshawar Cantt, Peshawar, KP, PAK, 25000

Website

https://www.bok.com.pk

The Bank of Khyber is involved in providing various financial services. It operates through various business segments that are Corporate Finance, which includes mergers and acquisition, underwriting, privatization, securitization, research, and others; Trading and Sales, which includes fixed income, equity, foreign exchanges, commodities, credit, funding, own position securities, and others; Retail Banking, which includes retail lending and deposits, banking services, trust and estates, and others; and Commercial Banking, which includes project finance, real estate, export finance, and others. Geographically, the company operates in Pakistan only.

The Bank of Khyber (KAR:BOK) Headlines

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