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Railway Metrics and Dynamics Sweden AB (XSAT:RMDX) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Railway Metrics and Dynamics Sweden AB Momentum Rank?

Railway Metrics and Dynamics Sweden 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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Railway Metrics and Dynamics Sweden AB (XSAT:RMDX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Railway Metrics and Dynamics Sweden AB (XSAT:RMDX) » Definitions » Momentum Rank
Comparable Companies
Traded in Other Exchanges
RMDX:Sweden
Address
Box 7357, Stockholm, SWE, 103 90
Website
https://www.railwaymetric.com
Railway Metrics and Dynamics Sweden AB is a swedish company that develops real-time sensors for monitoring and analysis of locomotives, wagons, and railway infrastructure. The firm develops and sells a platform for real-time analysis and monitoring of both rolling stock and infrastructure. Its solution makes up the hub for data collection and analysis. Its technology enables monitoring the status of the fleet.; diagnostics and predictions to plan maintenance and maximize the vehicle's run time; monitoring heavy maintenance.

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