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Gomero Group AB (XSAT:GOMERO) Momentum Rank : 0 (As of Apr. 27, 2024)


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What is Gomero Group AB Momentum Rank?

Gomero Group 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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Gomero Group AB (XSAT:GOMERO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gomero Group AB (XSAT:GOMERO) » Definitions » Momentum Rank
Comparable Companies
OSTO:RESQ NGM:LAIR NGM:RENT OSTO:BAWAT OSTO:SAXG OSTO:CIRCHE VLTO XBRU:UMI ZWS FSS TSE:6370 SZSE:300390 SHSE:600388 OSTO:MTRS SHSE:603279 ATMU HKSE:00586 TSE:6368 BOM:500214 SZSE:000544
Traded in Other Exchanges
N/A
Address
Kampegatan 16, Gothenburg, SWE, 411 04
Website
https://www.gomero.com
Gomero Group AB is engaged in the energy sector. The company develops technical systems and associated services to be able to predict and automate maintenance in various industrial processes. The firm offers technically connected products for measurement, control and data analysis. Its customers are found in energy distribution, energy storage and energy production as well as in the electricity-intensive industry.

Gomero Group AB (XSAT:GOMERO) Headlines

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