Speqta AB (publ) (OSTO:SPEQT) Momentum Rank : 1 (As of May. 28, 2024)

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What is Speqta AB (publ) Momentum Rank?

Speqta AB (publ) has the Momentum Rank of 1.

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 Speqta AB (publ)'s Momentum Rank

For the Internet Content & Information subindustry, Speqta AB (publ)'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.

Speqta AB (publ)'s Momentum Rank Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Speqta AB (publ)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Speqta AB (publ)'s Momentum Rank falls into.

Speqta AB (publ) Momentum Rank Related Terms

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Speqta AB (publ) (OSTO:SPEQT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Speqta AB (publ) (OSTO:SPEQT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

23WA:Germany

Address

Regeringsgatan 29, 5tr, Stockholm, SWE, 111 53

Website

https://www.speqta.com

Speqta AB (publ) offers performance-based platforms for lead generation and will grow organically and through acquisitions in new and existing markets. The company has two business areas. Speqta AdTech helps e-merchants get traffic through the AI-based SaaS service Bidbrain.com and the Shopello Shopping network. Speqta Content & Comparison helps consumers make decisions online through their own comparison sites such as Rahalaitos.fi and Vinklubben, as well as through Nordic media house collaborations.

Speqta AB (publ) (OSTO:SPEQT) Headlines

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