Bayerische Motoren Werke AG (XTER:BMW) Momentum Rank : 2 (As of Oct. 31, 2024)

View and export this data going back to 1926. Start your Free Trial

What is Bayerische Motoren Werke AG Momentum Rank?

Bayerische Motoren Werke AG has the Momentum Rank of 2.

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 Bayerische Motoren Werke AG's Momentum Rank

For the Auto Manufacturers subindustry, Bayerische Motoren Werke AG'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.

Bayerische Motoren Werke AG's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bayerische Motoren Werke AG's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bayerische Motoren Werke AG's Momentum Rank falls into.

Bayerische Motoren Werke AG Momentum Rank Related Terms

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

Bayerische Motoren Werke AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bayerische Motoren Werke AG (XTER:BMW) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BYMOF:USA BMWYY:USA BAMXF:USA BMW:Romania BMW:Poland BMW3:Mexico BMWM5N:Mexico 1BMW3:Italy 1BMW:Italy BMW:Hungary BMW3d:UK BMWd:UK 0O0V:UK 0O0U:UK BMW:Bulgaria BMWG:Austria BMW:Austria

Address

Petuelring 130, Munich, BY, DEU, 80809

Website

https://www.bmwgroup.com

In addition to being one of the world's leading premium light-vehicle manufacturers, BMW Group produces BMW motorcycles and provides financial services. Premium light-vehicle brands include BMW, Mini, and ultraluxury brand Rolls-Royce. Operations include 31 production facilities in 15 countries, research and development facilities in 17 countries, and a sales network reaching over 140 countries. In 2023, worldwide sales volume was over 2.5 million automobiles and over 209,000 motorcycles.

Bayerische Motoren Werke AG Headlines

No Headlines