Super League Enterprise (FRA:8LG0) Momentum Rank : 4 (As of Jun. 10, 2024)

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What is Super League Enterprise Momentum Rank?

Super League Enterprise has the Momentum Rank of 4.

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 Super League Enterprise's Momentum Rank

For the Internet Content & Information subindustry, Super League Enterprise'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.

Super League Enterprise's Momentum Rank Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Super League Enterprise's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Super League Enterprise's Momentum Rank falls into.

Super League Enterprise Momentum Rank Related Terms

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Super League Enterprise (FRA:8LG0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Super League Enterprise Inc (FRA:8LG0) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SLE:USA

Address

2912 Colorado Avenue, Suite No. 203, Santa Monica, CA, USA, 90404

Website

https://www.superleague.com

Super League Enterprise Inc, formerly Super League Gaming Inc is the rocket ship to the metaverse. It is a leader in creating innovative and immersive entertainment experiences, platform and audience monetization, and dynamic content-feeding channels across the world's top gaming platforms. Fueled by an insatiable desire to stay at the forefront of this ever-evolving meta landscape, Super League pioneers' proprietary digital solutions provide unparalleled access to the highly-coveted global gaming audience. The company also creates vibrant in-game communities through the development of innovative experiences and custom content, delivering powerful opportunities for brands and advertisers to achieve impactful insights and marketing outcomes with audiences of all ages.

Super League Enterprise (FRA:8LG0) Headlines

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