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Acconeer AB (OSTO:ACCON) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Acconeer AB Momentum Rank?

Acconeer 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.

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Acconeer AB (OSTO:ACCON) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Acconeer AB (OSTO:ACCON) » Definitions » Momentum Rank
Comparable Companies
NGM:OBDU B OSTO:ACUVI XSAT:VADS OSTO:UNIBAP NGM:SWEM B OSTO:JDT APH TPE:2317 TEL SZSE:002475 TSE:6981 TPE:2308 GLW XKRX:006400 SZSE:000725 JBL TSE:6762 SZSE:002179 FLEX HKSE:00285
Traded in Other Exchanges
2LU:Germany
Address
Vastra Varvsgatan 19, Malmo, SWE, 211 77
Website
https://www.acconeer.com
Acconeer AB is engaged in developing sensors for next-generation portable devices. The company's A1 radar sensor is a microwave radar system integrated on a single chip that for the first time enables radar functionality to be integrated into battery-driven and compact devices. Its products are used in robots and drones, mobile, IoT, power tools, and industrial, healthcare, and fitness.

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