BolognaFiere SpA (MIL:BF) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is BolognaFiere SpA Momentum Rank?

BolognaFiere 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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BolognaFiere SpA (MIL:BF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » BolognaFiere SpA (MIL:BF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Viale della Fiera, 20, Bologna, ITA, 40127

Website

https://bolognafiere.it

BolognaFiere SpA is an exhibition operator in Italy. It covers the full industry supply chain - trade fair and event organisation, venue management, booth installation, and architecture - operating in over 10 countries in 3 continents (Europe, Asia, and America). The Group operates both in Italy and internationally, organizing exhibition events and providing installation and architecture services in more than 15 foreign countries (including Germany, France, Switzerland, USA, Mexico, China, India, Thailand, United Arab Emirates, etc.

BolognaFiere SpA (MIL:BF) Headlines

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