GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brookfield Corp (NYSE:BN) » Definitions » Momentum Rank

BN (Brookfield) Momentum Rank : 9 (As of Oct. 31, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Brookfield Momentum Rank?

Brookfield 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 Brookfield's Momentum Rank

For the Asset Management subindustry, Brookfield'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.


Brookfield's Momentum Rank Distribution in the Asset Management Industry

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

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



Brookfield Momentum Rank Related Terms

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


Brookfield Business Description

Address
181 Bay Street, Suite 100, Brookfield Place, P.O. Box 762, Toronto, ON, CAN, M5J 2T3
Brookfield Corp is an investment firm focused on building long-term wealth for institutions and individuals. It has three businesses Asset Management, Insurance Solutions, and Operating Businesses. it invests in real assets that form the backbone of the economy to deliver risk-adjusted returns to stakeholders. It generates the majority of its revenue from Asset Management. It has a geographic presence in the UK, the United States, Australia, Canada, Brazil, India, and other countries.

Brookfield Headlines