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RVRC Holding AB (OSTO:RVRC) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is RVRC Holding AB Momentum Rank?

RVRC Holding 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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RVRC Holding AB (OSTO:RVRC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » RVRC Holding AB (OSTO:RVRC) » Definitions » Momentum Rank
Comparable Companies
OSTO:BOOZT OSTO:FOOT PREF OSTO:RIZZO B XSAT:ECORE XMAD:ITX TJX TSE:9983 LULU ROST LSE:NXT BOM:500251 LSE:JD. BURL HKSE:06110 GPS BOM:543426 TSE:2670 TSE:8227 AEO URBN
Traded in Other Exchanges
0GE:Germany
Address
Nils Jakobsonsgatan 5, Boras, SWE, 504 30
Website
https://www.revolutionrace.com
RVRC Holding AB offers high-quality outdoor apparel and apparel for an active lifestyle to customers through its online store. The company offers multifunctional apparel under its own brand RevolutionRace focusing on customers predominantly within the 18-70 age category. It conducts its operations within the scope of a digital D2C business model, entailing that sales take place exclusively online with products offered directly to customers.

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