Societe Generale (Societe Generale) Momentum Rank : 8 (As of May. 14, 2024)

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What is Societe Generale Momentum Rank?

Societe Generale has the Momentum Rank of 8.

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 Societe Generale's Momentum Rank

For the Banks - Regional subindustry, Societe Generale'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.

Societe Generale's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Societe Generale's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Societe Generale's Momentum Rank falls into.

Societe Generale Momentum Rank Related Terms

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Societe Generale (Societe Generale) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Societe Generale SA (OTCPK:SCGLF) » Definitions » Momentum Rank

Traded in Other Exchanges

SCGLY:USA GLE:Mexico GLE:Italy GLEp:UK 0J6Y:UK GLE:France SGE:Germany GLE:Austria

Address

29, Boulevard Haussmann, Paris, FRA, 75009

Website

https://www.societegenerale.com

Founded in 1884, Societe Generale is one of France's major banks. It was historically viewed as primarily a corporate and investment bank, but it has meaningful retail banking operations in France, Eastern Europe, Russia, and North Africa.