Credit Agricole Alpes Provence (XPAR:CRAP) Momentum Rank : 4 (As of May. 11, 2024)

View and export this data going back to 1998. Start your Free Trial

What is Credit Agricole Alpes Provence Momentum Rank?

Credit Agricole Alpes Provence 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 Credit Agricole Alpes Provence's Momentum Rank

For the Banks - Regional subindustry, Credit Agricole Alpes Provence'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.

Credit Agricole Alpes Provence's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Credit Agricole Alpes Provence's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Credit Agricole Alpes Provence's Momentum Rank falls into.

Credit Agricole Alpes Provence Momentum Rank Related Terms

Thank you for viewing the detailed overview of Credit Agricole Alpes Provence's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Credit Agricole Alpes Provence (XPAR:CRAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credit Agricole Alpes Provence (XPAR:CRAP) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

25 Chemin des Trois Cypres, Aix-en-Provence, FRA, 13097

Website

http://www.ca-alpesprovence.fr

Credit Agricole Alpes Provence is engaged in providing banking and financial services in France. It offers services to farmers, individuals and companies. It also offers insurance services such as life insurance and auto insurance.

Credit Agricole Alpes Provence (XPAR:CRAP) Headlines

No Headlines