Sai Gon - Hanoi Commercial Joint Stock Bank (STC:SHB) Momentum Rank : 0 (As of May. 22, 2024)

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What is Sai Gon - Hanoi Commercial Joint Stock Bank Momentum Rank?

Sai Gon - Hanoi Commercial Joint Stock Bank 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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Sai Gon - Hanoi Commercial Joint Stock Bank (STC:SHB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sai Gon - Hanoi Commercial Joint Stock Bank (STC:SHB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

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

Website

https://www.shb.com.vn

Sai Gon - Hanoi Commercial Joint Stock Bank is a Vietnam-based banking corporation. It offers various banking services to its customers including retail banking, corporate banking, and other banking-related services. Its products and services include savings, current account, money transfer services, E-banking, guarantee service, and forex trading and treasury services. It also provides credit in the form of car loans, rubber loans, agricultural product loans, business overdraft, and medium and long-term loans and credit facilities. The company has four reportable segments such as credit, investment, services, and treasury. The primary source of its revenue is interest income, commission, and fees received by providing advisory and financial services to the customer.

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