Entie Commercial Bank (TPE:2849) Momentum Rank : 2 (As of May. 19, 2024)

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What is Entie Commercial Bank Momentum Rank?

Entie Commercial Bank has the Momentum Rank of 2.

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.

Competitive Comparison of Entie Commercial Bank's Momentum Rank

For the Banks - Regional subindustry, Entie Commercial Bank's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Entie Commercial Bank's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Entie Commercial Bank's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Entie Commercial Bank's Momentum Rank falls into.

Entie Commercial Bank Momentum Rank Related Terms

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Entie Commercial Bank (TPE:2849) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Entie Commercial Bank (TPE:2849) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinyi Road, 16th, 40th and 41st floors, No. 7, Section 5, Xinyi Disctrict, Taipei, TWN, 11049

Website

https://www.entiebank.com.tw

Entie Commercial Bank Entie Commercial Bank is engaged in banking activities and services in Taiwan. the Bank has three operating segments: Retail Banking includes the business of consumer finance and wealth management, Corporate Banking includes the business of corporate and financial markets, and Operating Management is responsible for the business relevant to operating management. the bank derives the vast majority of its revenue from the corporate segment. The Bank mainly operates its business in Taiwan.

Entie Commercial Bank (TPE:2849) Headlines

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