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Absolicon Solar Collector AB (XSAT:ABSL B) Momentum Rank : 0 (As of May. 28, 2024)


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What is Absolicon Solar Collector AB Momentum Rank?

Absolicon Solar Collector 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.

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Absolicon Solar Collector AB (XSAT:ABSL B) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Absolicon Solar Collector AB (XSAT:ABSL B) » Definitions » Momentum Rank
Comparable Companies
XSAT:WEG NGM:SUN4 NGM:IMSOL B OSTO:MIDS FSLR SHSE:688223 ENPH SZSE:002459 SHSE:688599 SHSE:688472 HKSE:00968 SHSE:600732 SEDG HKSE:03800 SZSE:300118 SZSE:002865 ARRY SHLS HKSE:01799 SZSE:002506
Traded in Other Exchanges
ZY0:Germany
Address
Fiskaregatan 11, Harnosand, SWE, 871 33
Website
http://www.absolicon.com
Absolicon Solar Collector AB is a supplier of solar concentrators. The company is engaged in developing, manufacturing and selling solar energy systems. Its solar heat is used in Apartments, Solar district heating, Food industry, Hospitals, Hotels, Power Plant and Sports centers. It operates in approximately 3 continents.

Absolicon Solar Collector AB (XSAT:ABSL B) Headlines

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