Bonheur ASA (Bonheur ASA) Momentum Rank : 7 (As of May. 16, 2024)

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What is Bonheur ASA Momentum Rank?

Bonheur ASA 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 Bonheur ASA's Momentum Rank

For the Conglomerates subindustry, Bonheur 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.

Bonheur ASA's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Bonheur ASA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bonheur ASA's Momentum Rank falls into.

Bonheur ASA Momentum Rank Related Terms

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Bonheur ASA (Bonheur ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Bonheur ASA (OTCPK:BNHUF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BONO:Sweden BONHR:Norway 0DTI:UK V7P:Germany

Address

Fred Olsens Gate 2, P.O. Box 1159, Sentrum, Oslo, NOR, 0107

Website

https://www.bonheur.no

Bonheur ASA was initially a Norwegian shipping company. Currently, the company is engaged in several businesses. It provides services through four segments, namely, Other Investments, Renewable Energy, Cruise, and Wind Services. The renewable energy segment is engaged in the development, construction, and operation of wind farms in Scotland, Norway, Sweden, Ireland, Italy, and the USA. The wind Service segment is engaged in logistics and services within the offshore wind industry. Cruise owns and operates four cruise ships and provides a diverse range of cruises, and The other investments segment has investments within media, real estate, bonds and shares.

Bonheur ASA (Bonheur ASA) Headlines

From GuruFocus

Q4 2023 Bonheur ASA Earnings Call Transcript

By GuruFocus Research • 02-28-2024