Honkarakenne Oyj (OHEL:HONBS) Momentum Rank : 5 (As of May. 14, 2024)

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What is Honkarakenne Oyj Momentum Rank?

Honkarakenne Oyj 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 Honkarakenne Oyj's Momentum Rank

For the Residential Construction subindustry, Honkarakenne 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.

Honkarakenne Oyj's Momentum Rank Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Honkarakenne Oyj's Momentum Rank distribution charts can be found below:

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

Honkarakenne Oyj Momentum Rank Related Terms

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Honkarakenne Oyj (OHEL:HONBS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Honkarakenne Oyj (OHEL:HONBS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hongantie 41, Karstula, FIN, FI-43500

Website

https://www.honka.com

Honkarakenne Oyj is a Finnish company engaged in the manufacture and sales of log houses in Finland and abroad. It supplies contemporary log homes, traditional log homes, holiday lodges and log cabins for organic, healthy and ecological living. The company also offers services including Honka design service, building service, and extension service. Its business is divided into two geographical operating segments including Finland and Export. The company derives a majority of its revenue from Finland.

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