Wilh. Wilhelmsen Holding ASA (OSTO:WWIO) Momentum Rank : 6 (As of Dec. 14, 2024)

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What is Wilh. Wilhelmsen Holding ASA Momentum Rank?

Wilh. Wilhelmsen Holding ASA has the Momentum Rank of 6.

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 Wilh. Wilhelmsen Holding ASA's Momentum Rank

For the Marine Shipping subindustry, Wilh. Wilhelmsen Holding ASA'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.

Wilh. Wilhelmsen Holding ASA's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Wilh. Wilhelmsen Holding ASA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Wilh. Wilhelmsen Holding ASA's Momentum Rank falls into.

Wilh. Wilhelmsen Holding ASA Momentum Rank Related Terms

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Wilh. Wilhelmsen Holding ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Wilh. Wilhelmsen Holding ASA (OSTO:WWIO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

WWIB:Norway WWI:Norway 0P0T:UK WML1:Germany

Address

Strandveien 20, Lysaker, NOR, NO-1366

Website

https://www.wilhelmsen.com

Wilh. Wilhelmsen Holding ASA operates in the maritime industry and offers shipping and logistics services. The operating segments of the group are Maritime Services, New Energy, and Strategic Holdings and Investments. It derives key revenue from the Maritime Services segment which offers marine products, ship agency services and logistics to the merchant fleet and ship management including manning for all major vessel types, through a worldwide network of approximately 239 offices in 60 countries. The group has a business presence in Europe, Oceania, America, and Asia and Africa.

Wilh. Wilhelmsen Holding ASA Headlines

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