Puma SE (FRA:PUM) Momentum Rank : 4 (As of May. 05, 2024)

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What is Puma SE Momentum Rank?

Puma SE has the Momentum Rank of 4.

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 Puma SE's Momentum Rank

For the Footwear & Accessories subindustry, Puma SE'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.

Puma SE's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Puma SE's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Puma SE's Momentum Rank falls into.

Puma SE Momentum Rank Related Terms

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Puma SE (FRA:PUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Puma SE (FRA:PUM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PUMSY:USA PMMAF:USA PUMd:UK 0NQE:UK PUMA:Germany PUMA:Germany PUM:Germany PUM:Germany PUM:Germany PUM:Austria

Address

Puma Way 1, Herzogenaurach, BY, DEU, 91074

Website

https://www.puma.com

Puma designs and markets footwear, apparel, and accessories under its own name and golf clubs and golf accessories under the Cobra Golf name. Footwear (51% of 2022 sales) is its largest category, followed by apparel (34%) and accessories (15%). Puma also licenses its name for fragrances, eyewear, and watches. Most (77% in 2022) of its sales are through wholesale partners, with the rest through approximately 1,000 owned retail and outlet stores and online channels. The company's products are sold in Europe, the Middle East, and Africa (36.8% of 2022 sales), the Americas (43.5%), and Asia-Pacific (19.7%).

Executives

Bjørn Gulden

Board of Directors

Puma SE (FRA:PUM) Headlines

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