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Mercedes-Benz Group AG (XTER:MBG) Momentum Rank : 4 (As of Oct. 31, 2024)


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What is Mercedes-Benz Group AG Momentum Rank?

Mercedes-Benz Group AG has the Momentum Rank of 4.

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 Mercedes-Benz Group AG's Momentum Rank

For the Auto Manufacturers subindustry, Mercedes-Benz Group 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.

Mercedes-Benz Group AG's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mercedes-Benz Group AG's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Mercedes-Benz Group AG's Momentum Rank falls into.


Mercedes-Benz Group AG Momentum Rank Related Terms

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Mercedes-Benz Group AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mercedes-Benz Group AG (XTER:MBG) » Definitions » Momentum Rank
Comparable Companies
XTER:P911 XTER:BMW XTER:VOW3 XTER:PAH3 TSLA TSE:7203 SZSE:002594 MIL:RACE GM TSE:7267 F NSE:MARUTI NSE:TATAMOTORS XKRX:005380 MIL:STLAM NSE:M&M BOM:532977 LI HKSE:02333 XKRX:000270
Traded in Other Exchanges
MBGYY:USA MBGAF:USA DAI:Romania MBG:Poland MBG:Mexico 1MBG:Italy MERCEDESBENZ:Hungary MBGd:UK 0NXX:UK MBG:Bulgaria MBG:Austria
Address
Mercedesstrasse 120, Stuttgart, BW, DEU, 70372
Website
https://www.daimler.com
Based in Stuttgart, Germany, Mercedes-Benz Group makes premium and luxury passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach. Mercedes-Benz Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Mercedes owns 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Mercedes-Benz. Other major shareholders include Beijing Automotive Group at 9.98% and Kuwait Investment Authority at 4.9% (6.8% before the sale of a 1.9% stake in March 2023).
Executives
Dr. Martin Brudermüller Supervisory Board
Dr. Frank Weber Supervisory Board
Bader M. Al Saad Supervisory Board
Sari Baldauf Supervisory Board
Ben Van Beurden Supervisory Board
Dr. Bernd Pischetsrieder Supervisory Board
Timotheus Höttges Supervisory Board
Petraea Heynike Supervisory Board
Dr. Manfred Bischoff Supervisory Board
Josef Kaeser Supervisory Board
Dr. Jürgen Hambrecht Supervisory Board