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Schibsted ASA (OSTO:SCHBO) Momentum Rank : 0 (As of May. 26, 2024)


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What is Schibsted ASA Momentum Rank?

Schibsted ASA 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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Schibsted ASA (OSTO:SCHBO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Schibsted ASA (OSTO:SCHBo) » Definitions » Momentum Rank
Comparable Companies
OSL:POL OSL:GYL LSE:INF LSE:PSON NYT SHSE:603000 SHSE:601928 SAU:4210 SHSE:601858 SHSE:601098 TSE:9468 SHSE:601019 SHSE:601921 SHSE:601949 SHSE:600373 SHSE:601900 WLY SZSE:000719 SHSE:600757 OHEL:SANOMA
Traded in Other Exchanges
SBSNY:USA SCHB:Norway SCHA:Norway SCHBo:UK SCHAo:UK 0R9I:UK 0MHM:UK XPGB:Germany XPG:Germany XPG:Germany
Address
Akersgata 55, PO Box 490 Sentrum, Oslo, NOR, 0180
Website
https://www.schibsted.com
Schibsted ASA is a Norway-based multimedia group that owns and operates newspapers, online classified advertisement websites, publishing houses, and other multimedia services. The company's largest sources of revenue are its Norwegian and Swedish newspapers and tabloid magazines such as Verdens Gang, Aftenposten, and Aftonbladet. It also operates other regional magazines, classified websites, and local newspapers in over 25 different countries around Europe, Asia, Latin America, and Africa. Schibsted's largest newspaper operations outside of Scandinavia are based in Spain and France.

Schibsted ASA (OSTO:SCHBO) Headlines

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