eQ (OHEL:EQV1V) Momentum Rank : 5 (As of Jun. 09, 2024)

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What is eQ Momentum Rank?

eQ has the Momentum Rank of 5.

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 eQ's Momentum Rank

For the Asset Management subindustry, eQ'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.

eQ's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, eQ's Momentum Rank distribution charts can be found below:

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

eQ Momentum Rank Related Terms

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eQ (OHEL:EQV1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » eQ PLC (OHEL:EQV1V) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aleksanterinkatu 19 A, 5th floor, Helsinki, FIN, 00100

Website

https://www.eq.fi

eQ PLC is a Finnish group of companies that concentrates on asset management and corporate finance operations. The group offers its clients services related to mutual and private equity funds, discretionary asset management, structured investment products, investment insurance policies, and a large range of mutual funds offered by international partners. The groups' functional segments are Asset management, Corporate finance, and Investments. The company's core revenues are generated from its Asset management division, secondary revenues from Corporate finance and the least amount is derived from its Investments business.

eQ (OHEL:EQV1V) Headlines

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