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N.Leventeris (ATH:LEBEP.PFD) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is N.Leventeris Momentum Rank?

N.Leventeris 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.

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N.Leventeris (ATH:LEBEP.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » N.Leventeris SA (ATH:LEBEP.PFD) » Definitions » Momentum Rank
Comparable Companies
BOM:534733 BOM:513295 NSE:SMPL PTEEF BOM:539798 BOM:526847 BOM:500399 BOM:538963 WAR:EGH BOM:532870 BOM:513179 BOM:513401 BOM:523100 BOM:500058 BOM:513291 TSXV:CNH WAR:ZRE BOM:513540 BOM:531651 BOM:530615
Traded in Other Exchanges
N/A
Address
32 Asklipiou Street, Piraeus, GRC, 18545
Website
http://www.leventeris.gr
N.Leventeris SA is engaged in the supply of ship equipment, the manufacture of steel cable, and other maritime products. The company's products include steel wires, steel wire ropes, fiber ropes & mooring ropes, chains, ancors, fiber slings, agriculture purposes, and diepa special wire ropes.

N.Leventeris (ATH:LEBEP.PFD) Headlines

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