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Vilniaus Baldai AB (STU:UE3) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Vilniaus Baldai AB Momentum Rank?

Vilniaus Baldai 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.

Vilniaus Baldai AB Momentum Rank Related Terms

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Vilniaus Baldai AB (STU:UE3) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Vilniaus Baldai AB (STU:UE3) » Definitions » Momentum Rank
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Traded in Other Exchanges
VBL1L:Lithuania
Address
Pramones street 23, Guopstu k., Traku r., Vilnius, LTU, 21148
Website
https://www.vilniausbaldai.lt
Vilniaus Baldai AB is a Lithuania-based manufacturer of lightweight construction cabinet furniture. It operates in one segment that is furniture which includes sales of raw materials and finished production. It derives the majority of its revenue from the sale of furniture in the European Union countries followed by non-European Union countries and Lithuania.

Vilniaus Baldai AB (STU:UE3) Headlines

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