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Mandatum (OHEL:MANTA) Momentum Rank : 0 (As of Jun. 11, 2024)


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What is Mandatum Momentum Rank?

Mandatum 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.

Mandatum Momentum Rank Related Terms

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Mandatum (OHEL:MANTA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mandatum PLC (OHEL:MANTA) » Definitions » Momentum Rank
Comparable Companies
WAR:BCS WAR:BBT WAR:IVO WAR:EXA WAR:VVD WAR:GMV WAR:PLT WAR:UNL WAR:K2P WAR:ART BOM:532978 ELEKTRA SZSE:000617 TPE:2885 VOYA TSE:8473 BOM:540691 SZSE:000987 OSL:STB SZSE:002797
Traded in Other Exchanges
MANDF:USA 0MAN:UK N2S:Germany
Address
Bulevardi 56, Helsinki, FIN, 00120
Website
Mandatum PLC is a financial services provider offering a wide array of services covering asset and wealth management, savings and investment, compensation and rewards, complimentary pension plans and personal risk insurance to corporates, retail customers as well as institutional and wealth management customers. Mandatum serves a network of 20,000 Finnish corporates through its highly skilled sales force and customer relationship personnel, which gives opportunity to cross sell products from its broad offering.

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