Mercedes-Benz Group AG (BUD:MERCEDESBENZ) Momentum Rank : 0 (As of May. 26, 2024)

View and export this data going back to 2012. Start your Free Trial

What is Mercedes-Benz Group AG Momentum Rank?

Mercedes-Benz Group AG has the Momentum Rank of 0.

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.

Mercedes-Benz Group AG Momentum Rank Related Terms

Thank you for viewing the detailed overview of Mercedes-Benz Group AG's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Mercedes-Benz Group AG (BUD:MERCEDESBENZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mercedes-Benz Group AG (BUD:MERCEDESBENZ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MBGYY:USA MBGAF:USA DAI:Romania MBG:Mexico MBGd:UK 0NXX:UK MBG:Germany MBG:Austria

Address

Mercedesstrasse 120, Stuttgart, BW, DEU, 70372

Website

https://www.daimler.com

Based in Stuttgart, Germany, Mercedes-Benz Group makes premium and luxury passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach. Mercedes-Benz Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Mercedes owns 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Mercedes-Benz. Other major shareholders include Beijing Automotive Group at 9.98% and Kuwait Investment Authority at 4.9% (6.8% before the sale of a 1.9% stake in March 2023).

Mercedes-Benz Group AG (BUD:MERCEDESBENZ) Headlines

No Headlines