Eurobank Ergasias Services And Holdings (FRA:EFGD) Momentum Rank : 6 (As of May. 03, 2024)

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What is Eurobank Ergasias Services And Holdings Momentum Rank?

Eurobank Ergasias Services And Holdings has the Momentum Rank of 6.

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 Eurobank Ergasias Services And Holdings's Momentum Rank

For the Banks - Regional subindustry, Eurobank Ergasias Services And Holdings'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.

Eurobank Ergasias Services And Holdings's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Eurobank Ergasias Services And Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Eurobank Ergasias Services And Holdings's Momentum Rank falls into.

Eurobank Ergasias Services And Holdings Momentum Rank Related Terms

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Eurobank Ergasias Services And Holdings (FRA:EFGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eurobank Ergasias Services And Holdings SA (FRA:EFGD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

EGFEY:USA EGFEF:USA EUROB:Greece 0RCP:UK

Address

8 Othonos Street, Athens, GRC, 105 57

Website

https://www.eurobankholdings.gr

Eurobank Ergasias Services And Holdings SA is a full-service banking group operating in Greece, but with some exposure to the rest of Europe. In addition to its extensive branch network offering retail and corporate banking services in its home country, the group engages in retail and business banking in Bulgaria, Romania, and Serbia, as well as wealth management services in Cyprus, Luxembourg, and London. Loans and advances to customers constitute a majority of the group's earning assets, mostly in retail mortgages, followed by commercial and small business loans. A majority of the bank's net revenue is net interest income, followed by net fees and commissions.

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