Atresmediaoracion de Medios de Comunicacion (XMAD:A3M) Momentum Rank : 10 (As of Apr. 26, 2024)

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What is Atresmediaoracion de Medios de Comunicacion Momentum Rank?

Atresmediaoracion de Medios de Comunicacion 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.

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Competitive Comparison of Atresmediaoracion de Medios de Comunicacion's Momentum Rank

For the Entertainment subindustry, Atresmediaoracion de Medios de Comunicacion'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.

Atresmediaoracion de Medios de Comunicacion's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Atresmediaoracion de Medios de Comunicacion's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Atresmediaoracion de Medios de Comunicacion's Momentum Rank falls into.

Atresmediaoracion de Medios de Comunicacion Momentum Rank Related Terms

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Atresmediaoracion de Medios de Comunicacion (XMAD:A3M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Atresmedia Corporacion de Medios de Comunicacion SA (XMAD:A3M) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ATVDY:USA AIOSF:USA 0MJT:UK YT2A:Germany

Address

Avenida Isla Graciosa 13, San Sebastian de los Reyes, Madrid, ESP, 28703

Website

http://www.atresmediacorporacion.com

Atresmedia Corporacion de Medios de Comunicacion SA is a diversified media company primarily operating in the television, radio, and cinema industries. The company has three primary business segments that include television, radio, and other. The television segment operates a network of television channels, while its radio segment operates a chain of radio stations. The company's other business segment produces television shows and television films, promotes events, and offers advertising services. The company generates the majority of its revenue in Spain.

Atresmediaoracion de Medios de Comunicacion (XMAD:A3M) Headlines

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