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Longterm Games (WAR:LTM) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Longterm Games Momentum Rank?

Longterm Games 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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Longterm Games (WAR:LTM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Longterm Games SA (WAR:LTM) » Definitions » Momentum Rank
Comparable Companies
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Traded in Other Exchanges
N/A
Address
ul. Foksal 16/417, Warsaw, POL, 00-372
Website
https://www.longtermgames.pl
Longterm Games SA is a publisher and developer of PC and console games, based in Poland. It generates income from the sale of the basic version as well as from add-ons, multiplayer modes (co-op), packages with access to all expansions (the so-called season pass), and subsequent parts (sequels).

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