Ringkjoebing Landbobank AS (OCSE:RILBA) Momentum Rank : 10 (As of May. 01, 2025)

View and export this data going back to 1993. Start your Free Trial

What is Ringkjoebing Landbobank AS Momentum Rank?

Ringkjoebing Landbobank AS has the Momentum Rank of 10.

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 Ringkjoebing Landbobank AS's Momentum Rank

For the Banks - Regional subindustry, Ringkjoebing Landbobank 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.

Ringkjoebing Landbobank AS's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Ringkjoebing Landbobank AS's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ringkjoebing Landbobank AS's Momentum Rank falls into.

Save Embed

;

Save Embed

;

Ringkjoebing Landbobank AS Momentum Rank Related Terms

Thank you for viewing the detailed overview of Ringkjoebing Landbobank AS's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Ringkjoebing Landbobank AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ringkjoebing Landbobank AS (OCSE:RILBA) » Definitions » Momentum Rank

Traded in Other Exchanges

RILBAc:UK 0RPR:UK CJ2:Germany

Address

Torvet 1, Ringkobing, DNK, 6950

Website

http://www.landbobanken.com

Ringkjoebing Landbobank AS is a bank that carries out its operating activities in Denmark. A majority of the bank's core income is net interest income. Maximum of the bank's net fees, commissions, and foreign exchange income are derived from asset management, followed by guarantee commissions, securities trading, and custody accounts. The bank's capital objective is to maintain capitalization for future growth while covering any fluctuation of the risks it assumes. The bank's credit is diversified to the energy business, as well as financial services, real property, and agriculture. The services offered are Online banking, Mobile banking, MasterCard, MobilePay, Currency calculator, Block card, MitID etc.

Ringkjoebing Landbobank AS Headlines

No Headlines