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IIG SpA (MIL:IIG) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is IIG SpA Momentum Rank?

IIG 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.

IIG SpA Momentum Rank Related Terms

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IIG SpA (MIL:IIG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » IIG SpA (MIL:IIG) » Definitions » Momentum Rank
Comparable Companies
TSE:3347 TSE:9028 TSE:7623 FSE:3047 TSE:2754 TSE:7134 TSE:3538 TSE:2788 TSE:3352 TSE:9268 ISRG XPAR:EL BDX XSWX:ALC TSE:7741 WST OCSE:COLO B RMD TSE:4543 XSWX:STMN
Traded in Other Exchanges
N/A
Address
C.So Xi Febbraio, Turin, ITA
Website
http://italiaindependentgroup.com
Italia Independent Group SpA operates in the eyewear and lifestyle poducts. It produces and distributes eyeglasses, sunglasses, optical frames and eyeglass frames. The group is also involved in entrepreneurial and commercial initiatives in the fields of communication, design and style.

IIG SpA (MIL:IIG) Headlines

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