Carrefour (CHIX:CAP) Momentum Rank : 5 (As of Dec. 13, 2024)

View and export this data going back to 2009. Start your Free Trial

What is Carrefour Momentum Rank?

Carrefour has the Momentum Rank of 5.

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 Carrefour's Momentum Rank

For the Grocery Stores subindustry, Carrefour'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.

Carrefour's Momentum Rank Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Carrefour's Momentum Rank distribution charts can be found below:

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

Carrefour Momentum Rank Related Terms

Thank you for viewing the detailed overview of Carrefour's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Carrefour Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Carrefour (CHIX:CAp) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CRRFY:USA CRERF:USA 0NPH:UK CA:France CAR:Germany CARR:Austria

Address

93, Avenue de Paris, Massy Cedex, Paris, FRA, 91300

Website

https://www.carrefour.com

Carrefour is a multiformat retailer with operations in more than 40 countries, with tens of thousands of shops globally, over 1,000 drive-thru locations, and about 305,000 employees. Although hypermarkets still account for the bulk of sales in France, the company, founded in 1959, is expanding away from its initial large hypermarket style. Due to its emphasis on creating smaller stores, its exposure to the nonfood sector has decreased. Approximately 74% of sales are generated in Europe and the rest in Latin America.