Nasdaq (Nasdaq) Momentum Rank : 8 (As of Apr. 27, 2024)

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What is Nasdaq Momentum Rank?

Nasdaq 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 Nasdaq's Momentum Rank

For the Financial Data & Stock Exchanges subindustry, Nasdaq'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.

Nasdaq's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nasdaq's Momentum Rank distribution charts can be found below:

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

Nasdaq Momentum Rank Related Terms

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

Nasdaq (Nasdaq) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nasdaq Inc (NAS:NDAQ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NDAQ:Mexico NAQ:Germany NAQ:Germany NAQ:Germany N1DA34:Brazil NDAQ:Austria

Address

151 W. 42nd Street, New York, NY, USA, 10036

Website

https://www.nasdaq.com

Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its market-services business (about 35% of sales), the company sells and distributes market data as well as offers Nasdaq-branded indexes to asset managers and investors through its information-services segment (30%). Nasdaq's corporate-services business (20%) offers listing services and related investor relations products to publicly traded companies and through the company's market technology group (15%), Nasdaq facilitates the exchange operations of other exchanges throughout the world and provides financial compliance services.

Executives

Adenza Parent, Lp	director, 10 percent owner	ONE MARKET PLAZA, SPEAR TOWER, SUITE 2400, SAN FRANCISCO CA 94150
Spaht Paul Holden Jr.	director	600 MONTGOMERY STREET, 20TH FLOOR, SAN FRANCISCO CA 94111
Thoma Bravo Ugp, Llc	director, 10 percent owner	110 N. WACKER DRIVE, 32ND FLOOR, CHICAGO IL 60606
Ann M Dennison	officer: Controller and Prin Acctg Ofcr	ONE LIBERTY PLAZA, NEW YORK NY 10006
Johan Torgeby	director	151 W. 42ND STREET, NEW YORK NY 10036
Jeffery W Yabuki	director	255 FISERV DRIVE, BROOKFIELD WI 53045
Adena T Friedman	officer: Executive Vice President	1801 K STREET, N.W., WASHINGTON DC 20006
Michael R Splinter	director
Steven D Black	director	C/O JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Bryan Everard Smith	officer: Executive Vice President	151 W. 42ND STREET, NEW YORK NY 10036
Michelle Lynn Daly	officer: Controller and Prin Acctg Ofcr	151 W. 42ND STREET, NEW YORK NY 10036
Brendan Brothers	officer: Interim Head of AFC	151 W. 42ND STREET, NEW YORK NY 10036
Jeremy Skule	officer: Executive Vice President	ONE LIBERTY PLAZA, NEW YORK MD 20850
Bradley J Peterson	officer: Executive Vice President	ONE LIBERTY PLAZA, NEW YORK NY 10006
Pc Nelson Griggs	officer: Executive Vice President	ONE LIBERTY PLAZA, NEW YORK NY 10006