Atlanticpphire ASA (OSL:ASA) Momentum Rank : 2 (As of May. 16, 2024)

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What is Atlanticpphire ASA Momentum Rank?

Atlanticpphire ASA has the Momentum Rank of 2.

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 Atlanticpphire ASA's Momentum Rank

For the Farm Products subindustry, Atlanticpphire 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.

Atlanticpphire ASA's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Atlanticpphire ASA's Momentum Rank distribution charts can be found below:

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

Atlanticpphire ASA Momentum Rank Related Terms

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Atlanticpphire ASA (OSL:ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Atlantic Sapphire ASA (OSL:ASA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AASZF:USA ASAo:Sweden 4AS:Germany

Address

22275 SW 272nd Street, Homestead, FL, USA, 33031

Website

https://www.atlanticsapphire.com

Atlantic Sapphire ASA is engaged in fish farming activities locally to transform protein production globally. The group owns and operates land-based Atlantic salmon farms in Denmark and Homestead in the United States. Its brand portfolio includes Bluehouse Salmon and Sapphire salmon. Its geographical segments are the United States, Denmark, the Netherlands, and Other countries.