Caisse Regionale du Credit Agricole Mutuel du Languedoc (XPAR:CRLA) Momentum Rank : 10 (As of May. 16, 2024)

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What is Caisse Regionale du Credit Agricole Mutuel du Languedoc Momentum Rank?

Caisse Regionale du Credit Agricole Mutuel du Languedoc 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 Caisse Regionale du Credit Agricole Mutuel du Languedoc's Momentum Rank

For the Banks - Regional subindustry, Caisse Regionale du Credit Agricole Mutuel du Languedoc'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.

Caisse Regionale du Credit Agricole Mutuel du Languedoc's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Caisse Regionale du Credit Agricole Mutuel du Languedoc's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Caisse Regionale du Credit Agricole Mutuel du Languedoc's Momentum Rank falls into.

Caisse Regionale du Credit Agricole Mutuel du Languedoc Momentum Rank Related Terms

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Caisse Regionale du Credit Agricole Mutuel du Languedoc (XPAR:CRLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Caisse Regionale du Credit Agricole Mutuel du Languedoc (XPAR:CRLA) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Avenue de Montpellieret et Maurin, Lattes cedex, FRA, 34977

Website

http://www.ca-languedoc.fr

Caisse Regionale du Credit Agricole Mutuel du Languedoc is a regional bank in France. The bank provides banking services and products in France. It has a network of approximately 102 banking outlets and 210 branches. The bank's service portfolio consists of real estate credit, consumer credit, saving account, property insurance and insurance of persons. It primarily serves individuals, enterprises, professionals and associations, among others.

Caisse Regionale du Credit Agricole Mutuel du Languedoc (XPAR:CRLA) Headlines

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