Raymond James Financial (BSP:R1JF34) Momentum Rank : 9 (As of Apr. 28, 2024)

View and export this data going back to 2020. Start your Free Trial

What is Raymond James Financial Momentum Rank?

Raymond James Financial has the Momentum Rank of 9.

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 Raymond James Financial's Momentum Rank

For the Capital Markets subindustry, Raymond James Financial'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.

Raymond James Financial's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Raymond James Financial's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Raymond James Financial's Momentum Rank falls into.

Raymond James Financial Momentum Rank Related Terms

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

Raymond James Financial (BSP:R1JF34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raymond James Financial Inc (BSP:R1JF34) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RJF:USA RJF:Germany

Address

880 Carillon Parkway, Saint Petersburg, FL, USA, 33716

Website

https://www.raymondjames.com

Raymond James Financial is a financial holding company whose major operations include wealth management, investment banking, asset management, and commercial banking. The company supports more than 8,000 employee and independent contractor financial advisors across the United States, Canada, and the United Kingdom with over $1.2 trillion of assets under administration as of September 2023. Approximately 90% of the company's revenue is from the U.S. and 70% is from the company's wealth-management segment.

Raymond James Financial (BSP:R1JF34) Headlines

No Headlines