GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » QleanAir AB (OSTO:QAIR) » Definitions » Momentum Rank

QleanAir AB (OSTO:QAIR) Momentum Rank : 0 (As of Jun. 11, 2024)


View and export this data going back to 2019. Start your Free Trial

What is QleanAir AB Momentum Rank?

QleanAir 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.

QleanAir AB Momentum Rank Related Terms

Thank you for viewing the detailed overview of QleanAir AB's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

QleanAir AB (OSTO:QAIR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » QleanAir AB (OSTO:QAIR) » Definitions » Momentum Rank
Comparable Companies
OSTO:PSCAND OSTO:CIRCHE OSTO:SAXG OSTO:BAWAT XSAT:GOMERO OSTO:RESQ NGM:LAIR NGM:RENT VLTO XBRU:UMI ZWS FSS TSE:6370 SZSE:300390 SHSE:600388 OSTO:MTRS SHSE:603279 ATMU HKSE:00586 TSE:6368
Traded in Other Exchanges
9ZJ:Germany
Address
Torggatan 13, Box 1178, Solna, Stockholm, SWE, SE-171 23
Website
https://www.qleanair.com
QleanAir AB is a provider of air cleaning solutions for indoor environments. Its solutions are used to protect people, processes, and products from harmful particles and gases, which are captured and filtered through its products. It conducts its business in EMEA, APAC, and America. It generates revenues from the sale of its products such as Cabin Solutions, Air Cleaners, and Cleanrooms.

QleanAir AB (OSTO:QAIR) Headlines

No Headlines