Tradegate AG Wertpapierhandelsbank (FRA:T2G) Momentum Rank : 0 (As of Dec. 15, 2024)

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What is Tradegate AG Wertpapierhandelsbank Momentum Rank?

Tradegate AG Wertpapierhandelsbank 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.

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Tradegate AG Wertpapierhandelsbank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tradegate AG Wertpapierhandelsbank (FRA:T2G) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

T2G:Germany

Address

Kurfurstendamm 119, Berlin, BB, DEU, 10711

Website

https://www.tradegate.ag

Tradegate AG Wertpapierhandelsbank is a Germany-based company. It is engaged in providing banking and financial services. In addition to retail banking, the company focuses on the trading of several domestic and foreign securities on the Tradegate Exchange, and the Frankfurt and Berlin stock exchanges. The company's main business activity consists of market specialist activities and market making; it acts as a Market Specialist on the Tradegate Exchange and the Frankfurt Stock Exchange and as an order book manager on the Berlin Stock Exchange. It extends its services to the securities listing on the stock exchanges in Munich, Stuttgart, Hamburg, Hanover, and Dusseldorf.

Tradegate AG Wertpapierhandelsbank Headlines

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