Rallye (XPAR:RAL) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is Rallye Momentum Rank?

Rallye 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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Rallye (XPAR:RAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Rallye SA (XPAR:RAL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0K9N:UK RAY:Germany

Address

32, rue de Ponthieu, Paris, FRA, 75008

Website

http://www.rallye.fr

Rallye SA is a France-based company that is principally engaged in retail business. The company retails food and operates a nonfood e-commerce business through Casino Group, in which the company has a majority stake. Casino Group operates its retail business in France, South America, Asia, and other areas with a multiformat and multibanner model, and contributes the majority of the company's consolidated revenue. The company also retails sporting goods and sneakers through Groupe Go Sport, a wholly owned subsidiary. The company generates the majority of its revenue from France and South America.

Rallye (XPAR:RAL) Headlines

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