Arendals Fossekompani ASA (OSL:AFK) Momentum Rank : 7 (As of May. 30, 2024)

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What is Arendals Fossekompani ASA Momentum Rank?

Arendals Fossekompani ASA 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 Arendals Fossekompani ASA's Momentum Rank

For the Conglomerates subindustry, Arendals Fossekompani ASA'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.

Arendals Fossekompani ASA's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Arendals Fossekompani ASA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Arendals Fossekompani ASA's Momentum Rank falls into.

Arendals Fossekompani ASA Momentum Rank Related Terms

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Arendals Fossekompani ASA (OSL:AFK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Arendals Fossekompani ASA (OSL:AFK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AFKO:Sweden 5VZ:Germany

Address

Langbryggen 5, Arendal, NOR, 4841

Website

https://www.arendalsfossekompani.no

Arendals Fossekompani ASA is an industrial investment company holding several core investments and a portfolio of financial investments. The company has proud traditions in power production and owns and operates two hydropower plants, and also runs several property development projects. In addition, the firm operates globally in many forward-looking industries including 3D printing, algo trading, satellite services, battery and solar technology, software and digitalization, as well as various green energy technologies. The company has 10 operating segments; Hydropower, Group Management, Volue, NSSLGIobaI, ENRX, Tekna, AFK Property, Alytic, Ampwell, and Vergia.