NEW GERMANY FUND (NEW GERMANY FUND) Momentum Rank : 8 (As of Apr. 25, 2024)

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

What is NEW GERMANY FUND Momentum Rank?

NEW GERMANY FUND has the Momentum Rank of 8.

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 NEW GERMANY FUND's Momentum Rank

For the Asset Management subindustry, NEW GERMANY FUND'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.

NEW GERMANY FUND's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, NEW GERMANY FUND's Momentum Rank distribution charts can be found below:

* The bar in red indicates where NEW GERMANY FUND's Momentum Rank falls into.

NEW GERMANY FUND Momentum Rank Related Terms

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

NEW GERMANY FUND (NEW GERMANY FUND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NEW GERMANY FUND INC (NYSE:GF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

875 Third Avenue, New York, NY, USA, 10022-6225

Website

https://www.dws.com

NEW GERMANY FUND INC is the United States based non-diversified, closed-end management investment company. As the investment objective, the fund seeks long-term capital appreciation through investment in middle market German equities. The fund's portfolio of investment includes investment in different sectors such as the industrials, information technology, material, consumer discretionary, Communication Services, Financials, Consumer Staples, Real Estate, Utilities, healthcare, Energy and others. Its portfolio is geographically diversified across the Netherlands, Germany, and Italy.

Executives

Bernhard Koepp	director	C/O ANJIE LAROCCA-LEWIS, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Christopher Pleister	director	C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 10005
Juan Barriobero	other: Deputy Portfolio Manager	C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Daniel Hann	other: Deputy Portfolio Manager	C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Alexander Lippert	other: Deputy Portfolio Manager	C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Holger Hatje	director	C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Fiona Flannery	director	C/O ANJIE LAROCCA-LEWIS, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Leon A Cappel	other: Deputy Portfolio Manager	C/O ANJIE LAROCCA-LEWIS, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Walter C. Dostmann	director	C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 10005
Christian Rijs	officer: AML Compliance Officer	C/O DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Helen Delman	other: Section 16 Officer	C/O DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Michelle S. Goveia	officer: AML Compliance Officer	C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 10005
Christian Zugel	director	TWO BRIDGE AVENUE, SUITE 322, RED HOOK NJ 07701
Alyssa Asbury	officer: Assistant Secretary	C/O DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Wolfgang Helmut Leoni	director	C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 10005

NEW GERMANY FUND (NEW GERMANY FUND) Headlines

From GuruFocus

The New Germany Fund, Inc. Announces Portfolio Manager Changes

By Business Wire Business Wire • 01-30-2023

The New Germany Fund, Inc. Announces Portfolio Manager Change

By Business Wire Business Wire • 05-26-2022

The New Germany Fund, Inc. Announces Results of the Fund's Annual Meeting of Stockholders

By Business Wire • 06-22-2023

The Central and Eastern Europe Fund, Inc. and The New Germany Fund, Inc. Announce Results of Each Fund's Annual Meeting of Stockholders

By Business Wire Business Wire • 06-26-2020

The New Germany Fund, Inc. Announces Portfolio Manager Change

By Business Wire Business Wire • 05-24-2023