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Jungle21 (XPAR:MLJ21) Momentum Rank : 0 (As of May. 31, 2024)


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What is Jungle21 Momentum Rank?

Jungle21 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.

Jungle21 Momentum Rank Related Terms

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Jungle21 (XPAR:MLJ21) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Jungle21 SA (XPAR:MLJ21) » Definitions » Momentum Rank
Comparable Companies
XPAR:ALCIS XPAR:ALMCE XPAR:MLCMI LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN XPAR:SW LSE:RTO ASX:BXB TSX:RBA DLB TSE:7911 LSE:ITRK ARMK TSE:7912 XPAR:TEP XAMS:INPST
Traded in Other Exchanges
N/A
Address
Calle Antonio Maura 16, 5 Derecha, Madrid, ESP, 28014
Website
https://www.jungle21.com
Jungle21 SA is an ecosystem of creative companies. It partners with brands and companies on a transformation path, accelerating their economic growth and positive impact, by solving business challenges through an integrated offer of consulting, product & and service design, advertising & content. The Group derives its revenues mainly from advertising activities.

Jungle21 (XPAR:MLJ21) Headlines

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