Nordnet AB (publ) (FRA:9JL) Momentum Rank : 8 (As of Jun. 17, 2024)

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What is Nordnet AB (publ) Momentum Rank?

Nordnet AB (publ) has the Momentum Rank of 8.

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 Nordnet AB (publ)'s Momentum Rank

For the Capital Markets subindustry, Nordnet AB (publ)'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.

Nordnet AB (publ)'s Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nordnet AB (publ)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nordnet AB (publ)'s Momentum Rank falls into.

Nordnet AB (publ) Momentum Rank Related Terms

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Nordnet AB (publ) (FRA:9JL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nordnet AB (publ) (FRA:9JL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SAVE:Sweden SAVEs:UK 0A6V:UK

Address

Alstromergatan 39, Box 30099, Stockholm, SWE, SE-104 25

Website

https://www.nordnetab.com

Nordnet AB (publ) is a digital platform in the Nordics for savings and investments. The company operates in Sweden, Norway, Denmark and Finland. Nordnet's purpose is to democratize savings and investments. It provides trading in a large number of equities, funds and other types of securities from several markets at a low price, as well as pension savings without fixed fees. The firm also offers margin loans, private loans and mortgages. There are a number of user-interfaces to choose from, such as web, app or more advanced trading applications. Digital financial guidance tools are offered to customers who want help and inspiration with their savings. Nordnet also runs the largest social investment network in the Nordics, Shareville.

Nordnet AB (publ) (FRA:9JL) Headlines

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