Lloyds Banking Group (BUE:LYG) Momentum Rank : 0 (As of Jun. 08, 2024)

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What is Lloyds Banking Group Momentum Rank?

Lloyds Banking Group 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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Lloyds Banking Group (BUE:LYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Lloyds Banking Group PLC (BUE:LYG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

LLDTF:USA LYG:USA LLOYl:UK LLPE.PFD:UK LLPD.PFD:UK LLPC.PFD:UK LLOY:UK LLD:Germany L1YG34:Brazil

Address

25 Gresham Street, London, GBR, EC2V 7HN

Website

https://www.lloydsbankinggroup.com

Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large corporates and financial institutions in the U.K. Insurance and wealth rounds out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset-management services.