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Mmcite AS (XPRA:MMCTE) Momentum Rank : 0 (As of May. 26, 2024)


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What is Mmcite AS Momentum Rank?

Mmcite 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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Mmcite AS (XPRA:MMCTE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Mmcite AS (XPRA:MMCTE) » Definitions » Momentum Rank
Comparable Companies
TSE:8739 TSE:7330 TSE:8737 TSE:3266 TSE:3772 TSE:7347 TSE:3454 TSE:8595 TSE:4310 TSE:8462 SZSE:000333 SHSE:600690 SZSE:000651 TSE:9843 SHSE:603833 TPX SN WHR SZSE:002032 XPAR:SK
Traded in Other Exchanges
N/A
Address
Vinohradská 907, Ma?atice, Uherské Hradište, CZE, 686 05
Website
https://www.mmcite.com
Mmcite AS is a company that specializes in design and construction projects for public spaces. Their range of products and services includes the design and realization of both transportation terminals and street furniture, for example such as benches, litter bins, rails and cycle stands. Within the industry of street furniture, it is one of the first manufactures in the world to introduce products created by 3D concrete printing.

Mmcite AS (XPRA:MMCTE) Headlines

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