Skandinaviska Enskilda Banken AB (LTS:0GUX) Momentum Rank : 4 (As of May. 05, 2024)

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What is Skandinaviska Enskilda Banken AB Momentum Rank?

Skandinaviska Enskilda Banken AB has the Momentum Rank of 4.

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 Skandinaviska Enskilda Banken AB's Momentum Rank

For the Banks - Regional subindustry, Skandinaviska Enskilda Banken AB'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.

Skandinaviska Enskilda Banken AB's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Skandinaviska Enskilda Banken AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Skandinaviska Enskilda Banken AB's Momentum Rank falls into.

Skandinaviska Enskilda Banken AB Momentum Rank Related Terms

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Skandinaviska Enskilda Banken AB (LTS:0GUX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Skandinaviska Enskilda Banken AB (LTS:0GUX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SVKEF:USA SEB C:Sweden SEB A:Sweden 1SEBA:Italy SEBAs:UK 0HBY:UK SEBC:Germany

Address

Kungstradgardsgatan 8, Stockholm, SWE, SE-106 40

Website

https://www.sebgroup.com

Skandinaviska Enskilda Banken is a Swedish universal bank with a strong focus on the corporate lending sector. The bank operates in the Nordics, the Baltics, Germany, and the United Kingdom but derives the majority of its operating profits from Sweden. SEB specializes in corporate lending, particularly to large corporations. Additionally, it serves large midcorporate and multinational companies, financial institutions, and about small and medium-size enterprises. It also serves about 4 million private customers in Sweden and the Baltics. The bank offers asset management, life insurance, and to a lesser extent private banking services to its clients.

Skandinaviska Enskilda Banken AB (LTS:0GUX) Headlines

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