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Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) Momentum Rank : 0 (As of May. 28, 2024)


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What is Svenska Nyttobostader AB Momentum Rank?

Svenska Nyttobostader 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.

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Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) » Definitions » Momentum Rank
Comparable Companies
OSTO:KLARA B OSTO:LOGI A OSTO:GPG OSTO:NIVI B OSTO:BRIN B OSTO:NEOBO OSTO:FNOVA B OSTO:EMIL B OSTO:ANNE B OSTO:SFAST CSGP CBRE XMAD:CLNX BEKE TSE:8830 HKSE:01972 SGX:9CI OSTO:AKEL D HKSE:01997 MIL:INW
Traded in Other Exchanges
NYTTO:Sweden 62W:Germany
Address
Regeringsgatan 59, Stockholm, SWE, 111 59
Website
https://www.nyttobostader.se
Svenska Nyttobostader AB owns and manages newly constructed residential properties in Stockholm. The company offer its properties to private individuals, companies and authorities on rent.

Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) Headlines

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