Sandnes Sparebank (OSL:SADG) Momentum Rank : 6 (As of Jun. 16, 2024)

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What is Sandnes Sparebank Momentum Rank?

Sandnes Sparebank 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 Sandnes Sparebank's Momentum Rank

For the Banks - Regional subindustry, Sandnes Sparebank'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.

Sandnes Sparebank's Momentum Rank Distribution in the Banks Industry

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

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

Sandnes Sparebank Momentum Rank Related Terms

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Sandnes Sparebank (OSL:SADG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sandnes Sparebank (OSL:SADG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Radhusgata 3, Sandnes, NOR, 4306

Website

https://www.sandnes-sparebank.no

Sandnes Sparebank is an independent savings bank. The company offers a broad range of banking and investment products to retail and corporate customers. It is also involved in real estate brokerage through its subsidiary, Aktiv Eiendomsmegling Jaeren AS. The Group has three operating segments: Retail Market (RM), Corporate Market (CM), and Real Estate. The group's majority of revenue is derived from the Retail market segment followed by the Corporate market segment. The Real Estate segment involves real estate brokerage activities.

Sandnes Sparebank (OSL:SADG) Headlines

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