Sensys Gatso Group AB (OSTO:SGG) Momentum Rank : 8 (As of May. 16, 2024)

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What is Sensys Gatso Group AB Momentum Rank?

Sensys Gatso Group AB has the Momentum Rank of 8.

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 Sensys Gatso Group AB's Momentum Rank

For the Scientific & Technical Instruments subindustry, Sensys Gatso Group AB'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.

Sensys Gatso Group AB's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sensys Gatso Group AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sensys Gatso Group AB's Momentum Rank falls into.

Sensys Gatso Group AB Momentum Rank Related Terms

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Sensys Gatso Group AB (OSTO:SGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sensys Gatso Group AB (OSTO:SGG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0H0U:UK

Address

Vasavagen 3c, Jonkoping, SWE, SE-554 54

Website

https://www.sensysgatso.com

Sensys Gatso Group AB is a Sweden-based company. It develops, produces, markets, and sells sensors and systems that are used for speed enforcement and red-light enforcement. The company also provides servicing and maintenance alongside sales of systems. Its products are used by police, road authorities, and private operators. The company operates in business segments of System Sales and Managed Service. The System Sales segment generates maximum revenue for the company. Its geographical segments are Europe, America, and Middle East and APAC.