NFO Drives AB (XSAT:NFO) Momentum Rank : 10 (As of May. 23, 2024)

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What is NFO Drives AB Momentum Rank?

NFO Drives AB has the Momentum Rank of 10.

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.

Competitive Comparison of NFO Drives AB's Momentum Rank

For the Scientific & Technical Instruments subindustry, NFO Drives AB's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NFO Drives AB's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, NFO Drives AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where NFO Drives AB's Momentum Rank falls into.

NFO Drives AB Momentum Rank Related Terms

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NFO Drives AB (XSAT:NFO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NFO Drives AB (XSAT:NFO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tubba Square 5, Karlshamn, SWE, 37432

Website

http://www.nfodrives.se

NFO Drives AB is a technology company. The group is engaged in the development, manufacture, and marketing of NFO Sinus frequency inverters that are used to regulate the RPM of electric motors. Its product is used to control the speed of electric motors in machines, fans, and pumps. The company products are used in residential properties, industry, agricultural environment and hospital.

NFO Drives AB (XSAT:NFO) Headlines

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