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Bayerische Motoren Werke AG (WAR:BMW) Momentum Rank : 0 (As of May. 23, 2024)


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What is Bayerische Motoren Werke AG Momentum Rank?

Bayerische Motoren Werke AG has the Momentum Rank of 0.

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.

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Bayerische Motoren Werke AG (WAR:BMW) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bayerische Motoren Werke AG (WAR:BMW) » Definitions » Momentum Rank
Comparable Companies
XTER:VOW3 XTER:MBG XTER:P911 XTER:PAH3 TSLA TSE:7203 SZSE:002594 MIL:RACE MIL:STLAM TSE:7267 GM F NSE:MARUTI NSE:TATAMOTORS XKRX:005380 XKRX:000270 BOM:532977 NSE:M&M HKSE:02333 LI
Traded in Other Exchanges
BYMOF:USA BMWYY:USA BAMXF:USA BMW:Romania BMWM5N:Mexico 1BMW3:Italy BMW:Italy BMW:Hungary BMW3d:UK BMWd:UK 0O0V:UK 0O0U:UK BMW:Germany BMWG:Austria BMW:Austria
Address
Petuelring 130, Munich, BY, DEU, 80809
Website
https://www.bmwgroup.com
In addition to being one of the world's leading premium light-vehicle manufacturers, BMW Group produces BMW motorcycles and provides financial services. Premium light-vehicle brands include BMW, Mini, and ultraluxury brand Rolls-Royce. Operations include 31 production facilities in 15 countries, research and development facilities in 17 countries, and a sales network reaching over 140 countries. In 2022, worldwide sales volume roughly 2.4 million automobiles and about 216,000 motorcycles.

Bayerische Motoren Werke AG (WAR:BMW) Headlines

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