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EQT AB (LTS:0AAZ) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is EQT AB Momentum Rank?

EQT 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.

EQT AB Momentum Rank Related Terms

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EQT AB (LTS:0AAZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » EQT AB (LTS:0AAZ) » Definitions » Momentum Rank
Comparable Companies
OSTO:INDU A OSTO:LATO B OSTO:LUND B OSTO:KINV A OSTO:BURE OSTO:STOR B OSTO:RATO A OSTO:NAVIGO PREF OSTO:CRED A NGM:SPLTN BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
EQBBF:USA EQT:Sweden EQTs:UK 6EQ:Germany
Address
Regeringsgatan 25, Stockholm, SWE, SE-111 53
Website
https://www.eqtgroup.com
EQT AB is an investment management company. The company manages and advises investment funds and other investment units investing worldwide with the goal of creating attractive returns and future-proof companies. It has two business segments namely, Private Capital and Real Assets. It generates maximum revenue from Private Capital segment. Geographically, it has a presence in Germany; Norway; Denmark; Netherlands; Singapore, and other countries.

EQT AB (LTS:0AAZ) Headlines

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