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Chhimek Laghubitta Bikas Bank (XNEP:CBBL) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is Chhimek Laghubitta Bikas Bank Momentum Rank?

Chhimek Laghubitta Bikas 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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Chhimek Laghubitta Bikas Bank (XNEP:CBBL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Chhimek Laghubitta Bikas Bank Ltd (XNEP:CBBL) » Definitions » Momentum Rank
Comparable Companies
XNEP:MNBBL XNEP:CZBIL XNEP:KBL XNEP:SANIMA XNEP:SKBBL XNEP:SBI XNEP:PRVU XNEP:MBL XNEP:GBBL XNEP:ADBL CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
N/A
Address
Mid-Baneshwor, Kathmandu Metropolitan city-31, NPL
Website
https://www.chhimekbank.org
Chhimek Laghubitta Bikas Bank Ltd provides banking services. Its services include loans, savings, security services, and others. Its operating segments are Koshi Province, Bagmati Province, Gandaki Province, Lumbini Province, Karnali Province, Madhesh Province, and Sudurpaschim Province. The majority of the revenue comes from the Madhesh Province.

Chhimek Laghubitta Bikas Bank (XNEP:CBBL) Headlines

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