Arras Group SpA (MIL:AGU) Momentum Rank : 0 (As of Jun. 08, 2024)

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What is Arras Group SpA Momentum Rank?

Arras Group SpA 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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Arras Group SpA (MIL:AGU) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

6ZU:Germany

Address

Largo Domodossola 7, Milan, ITA, 20145

Website

https://www.arrasgroupspa.com

Arras Group SpA is a technological real estate development company for second homes, which currently operates in the Sardinian territory (in particular, in the north and south of the island), and is aimed at both Italian and foreign high-income customers. The Real Estate Projects developed by the Group typically arise in prestigious seaside locations in Sardinia, with the possibility of enjoying large internal and external spaces, as usually requested by national and international buyers interested in buying second homes. Its projects include Cannigione Sunrise, I Villini del Poetto, Seaside Costa Paradiso, The Tower Calasetta, Castle View, and others.