Credit Agricole (WBO:ACA) 6-1 Month Momentum % : 19.38% (As of Apr. 26, 2024)

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What is Credit Agricole 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-26), Credit Agricole's 6-1 Month Momentum % is 19.38%.

The industry rank for Credit Agricole's 6-1 Month Momentum % or its related term are showing as below:

WBO:ACA's 6-1 Month Momentum % is ranked better than
67.42% of 1559 companies
in the Banks industry
Industry Median: 10.59 vs WBO:ACA: 19.38

Competitive Comparison of Credit Agricole's 6-1 Month Momentum %

For the Banks - Regional subindustry, Credit Agricole's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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.

Credit Agricole's 6-1 Month Momentum % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Credit Agricole's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Credit Agricole's 6-1 Month Momentum % falls into.

Credit Agricole (WBO:ACA) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Credit Agricole (WBO:ACA) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Credit Agricole 6-1 Month Momentum % Related Terms

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Credit Agricole (WBO:ACA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credit Agricole SA (WBO:ACA) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

CRARY:USA CRARF:USA ACAF:Mexico ACA:Italy ACAp:UK 0HAI:UK ACA:France XCA:Germany XCA:Germany XCA:Germany XCA:Germany

Address

12 Place des Etats-Unis, Montrouge Cedex, Paris, FRA, 92127

Website

https://www.credit-agricole.com

Credit Agricole S.A. is majority-owned by a group of 39 mutually owned, regional French banks, and together, they form the Credit Agricole Group, the largest cooperative bank globally. Credit Agricole S.A. houses all of Credit Agricole Group's activities, excluding the core French retail and commercial banking operations and including corporate and investment banking, its insurance operations, its international operations, notably in Italy, LCL, a separately branded French retail bank, and Credit Agricole S.A.'s majority interest in individually listed asset manager Amundi. Credit Agricole S.A. also acts as the central bank for the group.