Alm Brand AS (LTS:0DJI) Momentum Rank : 9 (As of Apr. 15, 2025)

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What is Alm Brand AS Momentum Rank?

Alm Brand AS has the Momentum Rank of 9.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Alm Brand AS's Momentum Rank

For the Insurance - Diversified subindustry, Alm Brand AS'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.

Alm Brand AS's Momentum Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Alm Brand AS's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Alm Brand AS's Momentum Rank falls into.

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Alm Brand AS Momentum Rank Related Terms

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Alm Brand AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Alm Brand AS (LTS:0DJI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ALMBc:UK ALMB:Denmark 1AM:Germany

Address

Midtermolen 7, Copenhagen, DNK, DK-2100

Website

https://www.almbrand.dk

Alm Brand AS is a Danish investment holding company. Along with its subsidiaries, it offers insurance solutions, under various brands, to its customers. Its business segments include the personal Lines segment which comprises sales of insurance to private households through its own sales channels and partnerships, the Commercial Lines segment which comprises sales to agricultural and commercial customers through its own sales channels and partnership, and the Non-life insurance segment which is also its key revenue generating segment. Geographically, the company generates the majority of its revenue from Denmark and the rest from North America and other regions.

Alm Brand AS Headlines

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