Nuernberger Beteiligungs AG (XTER:NBG6) Momentum Rank : 2 (As of May. 23, 2024)

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What is Nuernberger Beteiligungs AG Momentum Rank?

Nuernberger Beteiligungs AG has the Momentum Rank of 2.

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 Nuernberger Beteiligungs AG's Momentum Rank

For the Insurance - Diversified subindustry, Nuernberger Beteiligungs AG'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.

Nuernberger Beteiligungs AG's Momentum Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Nuernberger Beteiligungs AG's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nuernberger Beteiligungs AG's Momentum Rank falls into.

Nuernberger Beteiligungs AG Momentum Rank Related Terms

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Nuernberger Beteiligungs AG (XTER:NBG6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Nuernberger Beteiligungs AG (XTER:NBG6) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NBG6:Germany NBG6:Germany NBG6:Germany

Address

Ostendstrasse 100, Nuernberg, DEU, 90334

Website

http://www.nuernberger.de

Nuernberger Beteiligungs AG operates in the German financial services domain. Its prime focus is on offering insurance products that span the life, health, and property insurance products. The Life business area comprises of the company's subsidiaries engaged in the provision of life insurances, disability insurance, occupational pensions and various forms of risk insurance, and pension funds. The Health segment is concerned with the provision of health and supplementary insurance and the property insurance segment is responsible for the activities related to in property, casualty, accident insurance, as well as reinsurance. In addition, it provides banking services encompassing financial products, asset management, and investment services.

Nuernberger Beteiligungs AG (XTER:NBG6) Headlines

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