ABG Sundal Collier Holding ASA (ABG Sundal Collier Holding ASA) Momentum Rank : 9 (As of Apr. 30, 2024)

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What is ABG Sundal Collier Holding ASA Momentum Rank?

ABG Sundal Collier Holding ASA has the Momentum Rank of 9.

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 ABG Sundal Collier Holding ASA's Momentum Rank

For the Capital Markets subindustry, ABG Sundal Collier Holding ASA'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.

ABG Sundal Collier Holding ASA's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, ABG Sundal Collier Holding ASA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where ABG Sundal Collier Holding ASA's Momentum Rank falls into.

ABG Sundal Collier Holding ASA Momentum Rank Related Terms

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ABG Sundal Collier Holding ASA (ABG Sundal Collier Holding ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » ABG Sundal Collier Holding ASA (OTCPK:ABGSF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ABG:Norway DAB:Germany

Address

Ruselokkveien 26, 8th floor, Oslo, NOR, 0251

Website

https://www.abgsc.se

ABG Sundal Collier Holding ASA is engaged predominantly in the Norwegian capital markets industry. There are three reporting segments representing the following product levels: Corporate Financing, M&A and Advisory and Brokerage and Research. Investment banking and capital markets activities are at the core of the business and have always been a key focus of the firm. Geographically, the company has operations in Norway, Sweden, Denmark, and International, and the majority is from Norway.

ABG Sundal Collier Holding ASA (ABG Sundal Collier Holding ASA) Headlines

From GuruFocus

Q4 2023 ABG Sundal Collier Holding ASA Earnings Call Transcript

By GuruFocus Research • 02-12-2024