Banco Comercial Portugues (XLIS:BCP) Momentum Rank : 10 (As of May. 26, 2024)

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What is Banco Comercial Portugues Momentum Rank?

Banco Comercial Portugues has the Momentum Rank of 10.

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 Banco Comercial Portugues's Momentum Rank

For the Banks - Regional subindustry, Banco Comercial Portugues'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.

Banco Comercial Portugues's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banco Comercial Portugues's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Banco Comercial Portugues's Momentum Rank falls into.

Banco Comercial Portugues Momentum Rank Related Terms

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Banco Comercial Portugues (XLIS:BCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Comercial Portugues SA (XLIS:BCP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BPCGF:USA BCPu:UK 0RJN:UK BCPN:Germany

Address

Praca D. Joao I, 28, Porto, PRT, 4000-295

Website

https://ind.millenniumbcp.pt

Banco Comercial Portugues SA or Millennium BCP, is a Portuguese bank operating primarily in Portugal, as well as Poland, Mozambique, and Angola. The bank offers a wide range of retail and corporate banking products and services. The bank's distribution network includes traditional branches, as well as online banking, call centers, mobile banking, ATMs, and point of sale systems. In addition to its emphasis on financial technology, BCP's business model has shifted focus to high-net worth individuals, business lending with growth potential, as well as divestiture of noncore assets in its portfolio. The bank's net revenue is mostly net interest income, with notable net commission and net trading income. Most of BCP's earning assets are loans split nearly evenly between retail and corporate.

Banco Comercial Portugues (XLIS:BCP) Headlines

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