First International Bank of Israel (XTAE:FIBI) Momentum Rank : 0 (As of Jun. 09, 2024)

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What is First International Bank of Israel Momentum Rank?

First International Bank of Israel 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.

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First International Bank of Israel (XTAE:FIBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First International Bank of Israel Ltd (XTAE:FIBI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

42, Rothschild Boulevard, Tel Aviv, ISR, 6688310

Website

https://www.fibi.co.il

First International Bank of Israel Ltd is an Israel-based bank that primarily operates through six segments. The Corporate Banking segment focuses on providing financial services to large corporations in Israel. The Private Banking segment provides banking services to high-net-worth Israeli and foreign resident customers. The Commercial Banking segment serves middle-sized business clients. The Household segment provides relatively low cash volume services to private customers. The Small Business segment primarily serves small businesses. The Financial Management segment carries out asset and liability management activities and others. The company generates almost all of its interest and noninterest income from the Israeli domestic market.

First International Bank of Israel (XTAE:FIBI) Headlines

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