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OnTheMarket (LSE:OTMP) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is OnTheMarket Momentum Rank?

OnTheMarket 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.

OnTheMarket Momentum Rank Related Terms

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OnTheMarket (LSE:OTMP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » OnTheMarket PLC (LSE:OTMP) » Definitions » Momentum Rank
Comparable Companies
LSE:NWOR LSE:SMV LSE:BBSN LSE:BOOM AQSE:SMK LSE:SEEN LSE:DBOX LSE:MOS LSE:SCGL LSE:TIG GOOGL META HKSE:00700 XAMS:PRX BIDU SPOT DASH JSE:NPN HKSE:01024 XKRX:035420
Traded in Other Exchanges
N/A
Address
11 York Street, C/O Almond and Company Limited, Manchester, GBR, M2 2AW
Website
https://www.onthemarket.com
OnTheMarket PLC is engaged in providing a residential property portal. The company owns and operates the UK online portal OnTheMarket.com. Geographically, it generates revenue from the UK. The company serves all potential buyers, sellers, landlords, and tenants in the UK. the company has recently introduced an automated valuation model that leads and asks the agent.

OnTheMarket (LSE:OTMP) Headlines

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