GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Vietnam Technological and Commercial Joint Stock bank (STC:TCB) » Definitions » Momentum Rank

Vietnam Technological and Commercial Joint Stock bank (STC:TCB) Momentum Rank : 0 (As of Jun. 06, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Vietnam Technological and Commercial Joint Stock bank Momentum Rank?

Vietnam Technological and 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.


Vietnam Technological and Commercial Joint Stock bank Momentum Rank Related Terms

Thank you for viewing the detailed overview of Vietnam Technological and Commercial Joint Stock bank's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Vietnam Technological and Commercial Joint Stock bank (STC:TCB) Business Description

Traded in Other Exchanges
N/A
Address
191 Ba Trieu Street, Le Dai Hanh Ward, Techcombank Tower, Hai Ba Trung District, Hanoi, VNM
Vietnam Technological and Commercial Joint Stock bank offers banking services. The company's operating segment includes Banking activities; Asset management activities; Securities trading activities; Fund management activities and Other finance activities. It generates maximum revenue from the Banking activities segment. The Banking activities segment products and services provided to customers include mobilizing deposits; providing credit; providing settlement and card services; and providing other banking services.

Vietnam Technological and Commercial Joint Stock bank (STC:TCB) Headlines

No Headlines