Alm Brand A/S (OCSE:ALMB) Momentum Rank : 8 (As of May. 17, 2024)

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What is Alm Brand A/S Momentum Rank?

Alm Brand A/S has the Momentum Rank of 8.

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 Alm Brand A/S's Momentum Rank

For the Insurance - Diversified subindustry, Alm Brand A/S'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.

Alm Brand A/S's Momentum Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Alm Brand A/S's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Alm Brand A/S's Momentum Rank falls into.

Alm Brand A/S Momentum Rank Related Terms

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Alm Brand A/S (OCSE:ALMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Alm Brand A/S (OCSE:ALMB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0DJI:UK 1AM:Germany

Address

Midtermolen 7, Copenhagen, DNK, DK-2100

Website

https://www.almbrand.dk

Alm Brand A/S is a Danish investment holding company that its subsidiaries operate within the financial services, non-life insurance, life insurance, and banking industries. The non-life insurance segment exclusively services clients ranging from private customers to small and medium-size enterprises, among others. The life insurance segment offers life insurance, pension savings, and pension insurance. The banking segment offers services such as bond, equity, currency trading, asset servicing, leasing, and private banking to private and commercial clients. The non-life insurance business is the core business of the firm and generates a vast majority of its income.

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