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Northern Data AG (FRA:NB2) Momentum Rank : 0 (As of May. 17, 2024)


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What is Northern Data AG Momentum Rank?

Northern Data AG 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.

Northern Data AG Momentum Rank Related Terms

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Northern Data AG (FRA:NB2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Northern Data AG (FRA:NB2) » Definitions » Momentum Rank
Comparable Companies
XTER:AOF XTER:MUM XTER:PSAN FRA:EXL XTER:SHF XTER:IVU XTER:FAA XTER:RIB FRA:SJJ XTER:GKS CRM XTER:SAP TSX:SHOP INTU NOW UBER TEAM ADSK XPAR:DSY WDAY
Traded in Other Exchanges
N/A
Address
An der Welle 3, Frankfurt, HE, DEU, 60322
Website
https://www.northerndata.de
Northern Data AG is a Business-to-Business technology company developing, using and selling solutions on vertically integrated computing infrastructure. The company's segment includes Mining; Hardware and Other. It generates maximum revenue from the Hardware and Other segment.

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