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FM Mattsson Mora Group AB (OSTO:FMM B) Momentum Rank : 0 (As of May. 27, 2024)


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What is FM Mattsson Mora Group AB Momentum Rank?

FM Mattsson Mora 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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FM Mattsson Mora Group AB (OSTO:FMM B) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » FM Mattsson Mora Group AB (OSTO:FMM B) » Definitions » Momentum Rank
Comparable Companies
OSTO:SVED B OSTO:FIRE OSTO:ECC B OSTO:NWG XSAT:ABAS XSAT:ALLT OSTO:POLY OSTO:CHRO XSAT:ZENZIP B NGM:WIL TT TSE:6367 CARR JCI XPAR:SGO XSWX:GEBN BLDR LII CSL DUB:KRX
Traded in Other Exchanges
N/A
Address
Ostnorsvagen 95, P.O. Box 480, Mora, SWE, SE-792 27
Website
http://www.fmm-mora.se
FM Mattsson Mora Group AB is engaged in the sale, manufacture and product development of water tapes under the brands FM Mattsson, Mora Armatur and Damixa. The Nordic region is the group's main market.

FM Mattsson Mora Group AB (OSTO:FMM B) Headlines

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