Alma Media Oyj (LTS:0DJN) Momentum Rank : 10 (As of May. 27, 2024)

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What is Alma Media Oyj Momentum Rank?

Alma Media Oyj 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 Alma Media Oyj's Momentum Rank

For the Publishing subindustry, Alma Media Oyj'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.

Alma Media Oyj's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Alma Media Oyj's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Alma Media Oyj's Momentum Rank falls into.

Alma Media Oyj Momentum Rank Related Terms

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Alma Media Oyj (LTS:0DJN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Alma Media Oyj (LTS:0DJN) » Definitions » Momentum Rank

Traded in Other Exchanges

ALMA:Finland A4M:Germany

Address

Alvar Aallon katu 3 C, P.O. Box 140, Helsinki, FIN, FI-00101

Website

https://www.almamedia.fi

Alma Media Oyj is a media and service company focusing on digital services and publishing. In addition to news content, the Group's products provide useful information related to lifestyle, career, and business development. The business segments include Alma Career, Alma Consumer, and Alma Talent. It generates maximum revenue from the Alma Career segment. The group's business is mainly divided into two geographical areas, Finland from where it earns the majority of its revenue, and the rest of Europe.

Alma Media Oyj (LTS:0DJN) Headlines

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