Kreate Group (OHEL:KREATE) Momentum Rank : 10 (As of May. 14, 2024)

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What is Kreate Group Momentum Rank?

Kreate Group has the Momentum Rank of 10.

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 Kreate Group's Momentum Rank

For the Engineering & Construction subindustry, Kreate Group'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.

Kreate Group's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kreate Group's Momentum Rank distribution charts can be found below:

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

Kreate Group Momentum Rank Related Terms

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Kreate Group (OHEL:KREATE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kreate Group PLC (OHEL:KREATE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haarakaari 42, Tuusula, FIN, 04360

Website

https://www.kreate.fi

Kreate Group PLC provides solutions for bridges, roads, and tracks, environmental and foundation construction. The services of the company include Bridge construction and repair, Circular economy, Foundation and concrete construction, Rock engineering, Special foundation construction, and Transport infrastructure construction. The company has one operating segment: Infrastructure Construction.

Kreate Group (OHEL:KREATE) Headlines

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