GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » FL Entertainment NV (XAMS:FLE) » Definitions » Momentum Rank

FL Entertainment NV (XAMS:FLE) Momentum Rank : 0 (As of May. 24, 2024)


View and export this data going back to 2022. Start your Free Trial

What is FL Entertainment NV Momentum Rank?

FL Entertainment NV 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.


FL Entertainment NV Momentum Rank Related Terms

Thank you for viewing the detailed overview of FL Entertainment NV's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


FL Entertainment NV (XAMS:FLE) Business Description

Traded in Other Exchanges
Address
5 Rue Francois 1er, Paris, ITA, 75008
FL Entertainment NV is an independent content production and fastest-growing online sports betting platform in Europe through its Banijay and Betclic Everest Group businesses. Banijay produces both scripted and non-scripted content across all genres, including reality shows, entertainment and talk shows, game shows, factual entertainment, documentary, drama, animation and comedy. Betclic Everest Group operates an online sports betting platform in Europe.

FL Entertainment NV (XAMS:FLE) Headlines

No Headlines