Viet Nam Joint Stock Commercial Bank For Industry And Trade (STC:CTG) Momentum Rank : 0 (As of Jun. 06, 2024)

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What is Viet Nam Joint Stock Commercial Bank For Industry And Trade Momentum Rank?

Viet Nam Joint Stock Commercial Bank For Industry And Trade 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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Viet Nam Joint Stock Commercial Bank For Industry And Trade (STC:CTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Viet Nam Joint Stock Commercial Bank For Industry And Trade (STC:CTG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

108 Tran Hung Dao Street, Hoan Kiem District, Hanoi, VNM

Website

https://www.vietinbank.vn

Viet Nam Joint Stock Commercial Bank For Industry And Trade is a Vietnam based banking service provider. The company's operating segment include Banking financial services, Non-banking financial services, and Others. It generates maximum revenue from the Banking financial services segment. The company provides banking services including mobilizing and receiving short, medium and long-term deposits from organizations or individuals; making short, medium and long term loans and advances to organizations and individuals; conducting foreign exchange transactions, international trade finance services, discounting of commercial papers, bonds and other valuable papers and other services.