National Australia Bank (ASX:NAB) Momentum Rank : 10 (As of Dec. 11, 2024)

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What is National Australia Bank Momentum Rank?

National Australia Bank has the Momentum Rank of 10.

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 National Australia Bank's Momentum Rank

For the Banks - Diversified subindustry, National Australia Bank'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.

National Australia Bank's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, National Australia Bank's Momentum Rank distribution charts can be found below:

* The bar in red indicates where National Australia Bank's Momentum Rank falls into.

National Australia Bank Momentum Rank Related Terms

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National Australia Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Australia Bank Ltd (ASX:NAB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NAUBF:USA NABZY:USA NAL:Germany NABPI.PFD:Australia NABPH.PFD:Australia NABPF.PFD:Australia

Address

395 Bourke Street, Level 28, Melbourne, VIC, AUS, 3000

Website

https://www.nab.com.au

National Australia Bank is the most business-focused of the four major banks, holding the largest share of business loans and the number-three spot in home loans. National Australia Bank is currently the second-largest bank by market capitalization, with the franchise covering consumer, small business, corporate, and institutional sectors. Under the UBank brand the bank also owns one of Australia's largest digital-only banks. Offshore operations in New Zealand round out the group.

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