AB Akola Group (OVSE:AKO1L) Momentum Rank : 0 (As of Jun. 09, 2024)

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What is AB Akola Group Momentum Rank?

AB Akola Group 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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AB Akola Group (OVSE:AKO1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AB Akola Group (OVSE:AKO1L) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

YG4:Germany

Address

Subacius Street 5, Vilnius, LTU, LT-01302

Website

https://www.linasagrogroup.lt

AB Akola Group formerly Linas Agro Group AB is an agribusiness company. The business activities of the group are divided into five operating segments namely Grain, oilseed and feed, Products and Services for Farming, Agricultural Production, Food products and others. Its products include grain, oilseed, raw feedstuffs, milk, poultry, and other products and services. The company earns maximum revenue from Grain, oilseed and feed segment. The company Geographically operates in Lithuani, Europe, Scandinavian countries, Africa, Asia, CIS and other.

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