Ponsse Oyj (OHEL:PON1V) Momentum Rank : 2 (As of May. 27, 2024)

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What is Ponsse Oyj Momentum Rank?

Ponsse Oyj 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 Ponsse Oyj's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, Ponsse Oyj'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.

Ponsse Oyj's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ponsse Oyj's Momentum Rank distribution charts can be found below:

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

Ponsse Oyj Momentum Rank Related Terms

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Ponsse Oyj (OHEL:PON1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ponsse Oyj (OHEL:PON1V) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PNS:Germany

Address

Ponssentie 22, Vierema, FIN, FI-74200

Website

https://www.ponsse.com

Ponsse Oyj is engaged in the development, manufacture, sales, designing, and servicing of forest machines, other metal products, machine control systems, vehicle PC equipment, and different types of separate systems and software. The company's products include harvesters, forwarders, dual machines, harvester heads, cranes and loaders, information systems, and bioenergy products. The company divides its business activities into four geographical segments, namely Northern Europe, Central & Southern Europe, North & South America and Other countries.

Ponsse Oyj (OHEL:PON1V) Headlines

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