Sporting Clube de Portugal-Futebol (STU:SCG) Momentum Rank : 9 (As of May. 11, 2024)

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What is Sporting Clube de Portugal-Futebol Momentum Rank?

Sporting Clube de Portugal-Futebol has the Momentum Rank of 9.

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.

Competitive Comparison of Sporting Clube de Portugal-Futebol's Momentum Rank

For the Entertainment subindustry, Sporting Clube de Portugal-Futebol's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sporting Clube de Portugal-Futebol's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sporting Clube de Portugal-Futebol's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sporting Clube de Portugal-Futebol's Momentum Rank falls into.

Sporting Clube de Portugal-Futebol Momentum Rank Related Terms

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Sporting Clube de Portugal-Futebol (STU:SCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sporting Clube de Portugal-Futebol (STU:SCG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SCP:Portugal

Address

Rua Professor Fernando da Fonseca, Estadio Jose de Alvalade, Apartado 4120, Lisbon, PRT, 1501-806

Website

http://www.sporting.pt

Sporting Clube de Portugal-Futebol is a football club playing in Portugal's First Division. Its other sports include basketball, hockey and athletics and are played in the stadium owned by the company. The group generates revenue from two sources commercial and sports which include a sale of audiovisual rights, from sponsorships, from the sale of advertising space, sale of tickets for games and subscriptions.