Industrivarden AB (LTS:0H13) Momentum Rank : 9 (As of May. 05, 2024)

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What is Industrivarden AB Momentum Rank?

Industrivarden AB has the Momentum Rank of 9.

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 Industrivarden AB's Momentum Rank

For the Asset Management subindustry, Industrivarden 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.

Industrivarden AB's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Industrivarden AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Industrivarden AB's Momentum Rank falls into.

Industrivarden AB Momentum Rank Related Terms

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Industrivarden AB (LTS:0H13) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Industrivarden AB (LTS:0H13) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

INDU C:Sweden INDU A:Sweden INDUCs:UK INDUAs:UK 0MHU:UK IDVA:Germany

Address

Storgatan 10, Stockholm, SWE, 114 51

Website

https://www.industrivarden.net

Industrivarden AB is an asset management firm with a long-term, activist orientation. The company's stated investment goal is to increase net asset value and generate returns in excess of the market cost of capital. Industrivarden makes investments in Nordic companies it can influence through corporate governance actions. It benchmarks its performance relative to the average return of the Stockholm Stock Exchange. The firm counts many public and private pension managers, foundations, and retail investors as its client base. Its security selection criteria emphasize enduring business models with promising growth prospects at an attractive valuation.

Industrivarden AB (LTS:0H13) Headlines

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