Modern Times Group MTG AB (FRA:MRTA) Momentum Rank : 8 (As of May. 27, 2024)

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What is Modern Times Group MTG AB Momentum Rank?

Modern Times Group MTG AB has the Momentum Rank of 8.

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 Modern Times Group MTG AB's Momentum Rank

For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB'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.

Modern Times Group MTG AB's Momentum Rank Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Modern Times Group MTG AB's Momentum Rank falls into.

Modern Times Group MTG AB Momentum Rank Related Terms

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Modern Times Group MTG AB (FRA:MRTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Modern Times Group MTG AB (FRA:MRTA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MTG B:Sweden MTG A:Sweden 0GXJ:UK MRTA:Germany

Address

Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13

Website

https://www.mtg.com

Modern Times Group MTG AB invests in esports, mobile games and other digital entertainment. The group's companies offer a wide range of games available to audiences all over the world. MTG's portfolio of IP spans across both the casual and mid-core segments of the gaming market. A vast majority of games are available to consumers on a free-to-play (F2P) basis, and the group primarily generates revenues from in-app purchases and in-app advertising. The Group operates in Europe, Singapore, USA, India and New Zealand.

Modern Times Group MTG AB (FRA:MRTA) Headlines

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