Newmark Group (FRA:NMB) Momentum Rank : 9 (As of May. 01, 2024)

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What is Newmark Group Momentum Rank?

Newmark Group has the Momentum Rank of 9.

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 Newmark Group's Momentum Rank

For the Real Estate Services subindustry, Newmark Group'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.

Newmark Group's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Newmark Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Newmark Group's Momentum Rank falls into.

Newmark Group Momentum Rank Related Terms

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Newmark Group (FRA:NMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Newmark Group Inc (FRA:NMB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NMRK:USA

Address

125 Park Avenue, New York, NY, USA, 10017

Website

https://www.nmrk.com

Newmark Group Inc is a commercial real estate advisory firm. It offers services, including leasing and corporate advisory services, investment sales, commercial mortgage brokerage, appraisal and valuation, project management, and property, among others. Newmark offers a diverse array of integrated services and products designed to meet the full needs of both real estate investors/owners and occupiers. The company provides real estate strategic consulting and systems integration services to CFI's global clients including many Fortune 500 and Forbes Global 2000 companies, owner-occupiers, government agencies, healthcare and higher education clients.

Newmark Group (FRA:NMB) Headlines

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