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Nabaltec AG (STU:NTG) Momentum Rank : 2 (As of Apr. 29, 2024)


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What is Nabaltec AG Momentum Rank?

Nabaltec 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 Nabaltec AG's Momentum Rank

For the Specialty Chemicals subindustry, Nabaltec 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.

Nabaltec AG's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nabaltec AG's Momentum Rank distribution charts can be found below:

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


Nabaltec AG Momentum Rank Related Terms

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Nabaltec AG (STU:NTG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nabaltec AG (STU:NTG) » Definitions » Momentum Rank
Comparable Companies
XTER:MZX XTER:UZU LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN LYB PPG ADX:BOROUGE IFF XSWX:EMSN TSE:4612 ISX:TPIA TPE:1301
Traded in Other Exchanges
NTG:Germany
Address
Alustrasse 50 - 52, Schwandorf, BY, DEU, 92421
Website
https://www.nabaltec.de
Nabaltec AG engages is a company involved in the chemical business. The product portfolio includes Aluminum hydroxide, boehmite, alumina, synthetic sintered mullite, and ceramic masses. The company functions in two segments - Functional Fillers and Specialty Alumina. It generates maximum revenue from the Functional Fillers segment. The Functional Fillers segment develops specialized aluminum hydroxide-based products and the specialty alumina segment develops materials for a wide variety of industries based on all natural ingredients.