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Lyko Group AB (OSTO:LYKO A) Momentum Rank : 0 (As of Jun. 11, 2024)


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What is Lyko Group AB Momentum Rank?

Lyko 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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Lyko Group AB (OSTO:LYKO A) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lyko Group AB (OSTO:LYKO A) » Definitions » Momentum Rank
Comparable Companies
OSTO:LCLEAN OSTO:CANDLE B OSTO:CLEM OSTO:ELN OSTO:DUNI PG XPAR:OR LSE:ULVR BOM:500696 CL LSE:RKT EL KMB KVUE XTER:BEI XTER:HEN3 CHD TSE:8113 TSE:4452 OSTO:ESSITY B
Traded in Other Exchanges
N/A
Address
Kyrkbyvagen, Vansbro, SWE, 178050
Website
https://www.lyko.se
Lyko Group AB is engaged in offering beauty products. The Group operates the website Lyko.com as well as around 33 wholly-owned integrated stores and salons in Sweden and Norway. It operates in two segments: Online and Retail, of which the majority of its revenue comes from the Online segment.

Lyko Group AB (OSTO:LYKO A) Headlines

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