Royal Bank of Canada (TSX:RY.PR.E.PFD) Momentum Rank : 10 (As of Dec. 14, 2024)

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What is Royal Bank of Canada Momentum Rank?

Royal Bank of Canada has the Momentum Rank of 10.

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 Royal Bank of Canada's Momentum Rank

For the Banks - Diversified subindustry, Royal Bank of Canada'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.

Royal Bank of Canada's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Royal Bank of Canada's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Royal Bank of Canada's Momentum Rank falls into.

Royal Bank of Canada Momentum Rank Related Terms

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Royal Bank of Canada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Royal Bank of Canada (TSX:RY.PR.E.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RY:USA RY N:Mexico 0QKU:UK RYC:Germany RY.PR.S.PFD:Canada RY.PR.O.PFD:Canada RY.PR.N.PFD:Canada RY.PR.M.PFD:Canada RY.PR.J.PFD:Canada RY:Canada

Address

1 Place Ville Marie, Corporate Secretary\'s Department, Montreal, QC, CAN, H3B 3A9

Website

https://www.rbc.com

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the US and other countries.

Royal Bank of Canada Headlines

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