GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Storskogen Group AB (CHIX:STORCs) » Definitions » Momentum Rank

Storskogen Group AB (CHIX:STORCS) Momentum Rank : 0 (As of May. 24, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Storskogen Group AB Momentum Rank?

Storskogen Group AB 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.

Storskogen Group AB Momentum Rank Related Terms

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

Storskogen Group AB (CHIX:STORCS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Storskogen Group AB (CHIX:STORCs) » Definitions » Momentum Rank
Comparable Companies
OSTO:RATO A OSTO:NAVIGO PREF OSTO:CRED A NGM:SPLTN OSTO:BURE OSTO:SVOL A OSTO:ORES OSTO:LINC OSTO:TRAC B OSTO:CAT A BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
STOR B:Sweden 0AA9:UK 0VK:Germany
Address
Hovslagargatan 3, 6th Floor, Stockholm, SWE, 111 48
Website
https://www.storskogen.com
Storskogen Group AB is an international group of businesses. It acquires and manages profitable small and medium-sized businesses with prime positions in their respective markets. It is divided into three business areas, Industry, Services, and Trade, predominantly in Sweden and with an increasing presence in the Nordics, Germany, Switzerland, and the UK.

Storskogen Group AB (CHIX:STORCS) Headlines

No Headlines