Turk Telekomunikasyon AS (Turk Telekomunikasyon AS) Momentum Rank : 0 (As of Jun. 08, 2024)

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What is Turk Telekomunikasyon AS Momentum Rank?

Turk Telekomunikasyon AS 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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Turk Telekomunikasyon AS (Turk Telekomunikasyon AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Turk Telekomunikasyon AS (OTCPK:TRKNF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TRKNY:USA TTKOM:Turkey 4TTA:Germany

Address

Turgut Ozal Bulvari, Aydinlikevler, Ankara, TUR, 06103

Website

https://www.turktelekom.com.tr

Turk Telekomunikasyon AS is a multi-play telecommunications company that provides broadband, mobile, and TV services for companies and individuals. From a product perspective, revenue comes from mobile and broadband products, which are typically offered on a subscription basis. Within mobile, however, there is roughly an even split between postpaid and prepaid customers. Additionally, Turk Telekomunikasyon owns mobile and fiber infrastructure. The company generates the vast majority of its revenue in Turkey.

Turk Telekomunikasyon AS (Turk Telekomunikasyon AS) Headlines

From GuruFocus

Q1 2024 Turk Telekomunikasyon AS Earnings Call Transcript

By GuruFocus Research • 06-07-2024