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Trention AB (LTS:0RGJ) Momentum Rank : 0 (As of Jun. 02, 2024)


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What is Trention AB Momentum Rank?

Trention 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.

Trention AB Momentum Rank Related Terms

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Trention AB (LTS:0RGJ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Trention AB (LTS:0RGJ) » Definitions » Momentum Rank
Comparable Companies
NGM:FRNT B V MA PYPL AXP COF TSE:8591 BOM:500034 DFS SYF XPAR:EDEN WU BOM:543066 TSE:8572 CACC ALLY SC ORCC TSE:8593 BOM:533398
Traded in Other Exchanges
N/A
Address
Ankdammsgatan 35, Solna, SWE, 171 67
Website
http://www.trention.se
Trention AB invests in small and medium-sized expansive companies. It provides companies with both financial resources and advice. In addition, it also helps companies with short term financial solutions such as bridge loans and/or different forms of hybrid financing.

Trention AB (LTS:0RGJ) Headlines

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