Ilkka Oyj (OHEL:ILKKA2) Momentum Rank : 7 (As of May. 11, 2024)

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What is Ilkka Oyj Momentum Rank?

Ilkka Oyj has the Momentum Rank of 7.

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 Ilkka Oyj's Momentum Rank

For the Publishing subindustry, Ilkka Oyj'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.

Ilkka Oyj's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Ilkka Oyj's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ilkka Oyj's Momentum Rank falls into.

Ilkka Oyj Momentum Rank Related Terms

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Ilkka Oyj (OHEL:ILKKA2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ilkka Oyj (OHEL:ILKKA2) » Definitions » Momentum Rank

Traded in Other Exchanges

ILKKA1:Finland

Address

Koulukatu 10, P.O. Box 60, Seinajoki, FIN, 60101

Website

http://www.ilkka-yhtyma.fi

Ilkka Oyj together with its subsidiaries, operates in publishing and printing businesses in Europe. It publishes regional newspapers, including Ilkka and Pohjalainen; local newspapers, such as Viiskunta, Komiat, Järviseutu, Suupohjan Sanomat, and Jurvan Sanomat; and free sheets comprising Vaasan Ikkuna and Etelä-Pohjanmaa, as well as provide online and mobile services of these papers. The company also offers marketing and communications agency services; and digital publishing services.

Ilkka Oyj (OHEL:ILKKA2) Headlines

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