AMKBY (A P Moller Maersk AS) Momentum Rank : 7 (As of Dec. 12, 2024)

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What is A P Moller Maersk AS Momentum Rank?

A P Moller Maersk AS has the Momentum Rank of 7.

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 A P Moller Maersk AS's Momentum Rank

For the Marine Shipping subindustry, A P Moller Maersk AS'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.

A P Moller Maersk AS's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, A P Moller Maersk AS's Momentum Rank distribution charts can be found below:

* The bar in red indicates where A P Moller Maersk AS's Momentum Rank falls into.

A P Moller Maersk AS Momentum Rank Related Terms

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A P Moller Maersk AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » A P Moller Maersk AS (OTCPK:AMKBY) » Definitions » Momentum Rank

Traded in Other Exchanges

AMKBF:USA AMKAF:USA MAERBc:UK MAERAc:UK 0O77:UK 0O76:UK MAERSK B:Denmark MAERSK A:Denmark DP4H:Germany

Address

Esplanaden 50, Copenhagen, DNK, 1263

Website

https://www.maersk.com

Denmark-listed A.P. Moller-Maersk operates trade, shipping, logistics and terminal assets globally. The oceans segment, the largest contributor to group revenue and earnings, has the second-largest oceangoing shipping capacity globally. Maersk has acquired several logistics firms in the past couple of years and plans for the segment to be the company's growth engine. Over the past few years, Maersk has divested noncore operations, such as its long-standing stakes in Danske Bank and Dansk Supermarked as well as its oil and gas operations and ocean towing.