United Bankers Oyj (OHEL:UNITED) Momentum Rank : 6 (As of Jun. 04, 2024)

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What is United Bankers Oyj Momentum Rank?

United Bankers Oyj has the Momentum Rank of 6.

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 United Bankers Oyj's Momentum Rank

For the Asset Management subindustry, United Bankers Oyj'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.

United Bankers Oyj's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, United Bankers Oyj's Momentum Rank distribution charts can be found below:

* The bar in red indicates where United Bankers Oyj's Momentum Rank falls into.

United Bankers Oyj Momentum Rank Related Terms

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United Bankers Oyj (OHEL:UNITED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » United Bankers Oyj (OHEL:UNITED) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DX0:Germany

Address

Aleksanterinkatu 21 A, Helsinki, FIN, 00100

Website

https://www.unitedbankers.fi

United Bankers Oyj provides investment products and services. The company has two business areas, wealth management and capital markets services. In wealth management, the Group specialises in real asset investments including forest and real estate and infrastructure funds. The majority of the income from operations is generated by wealth management segment, whose customers include individuals, companies and institutions. The main market area is Finland, but the company also actively offers its services in Sweden.

United Bankers Oyj (OHEL:UNITED) Headlines

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