GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polestar Automotive Holding UK PLC (NAS:PSNY) » Definitions » Momentum Rank

Polestar Automotive Holding UK (Polestar Automotive Holding UK) Momentum Rank : 0 (As of May. 20, 2024)


View and export this data going back to 2022. Start your Free Trial

What is Polestar Automotive Holding UK Momentum Rank?

Polestar Automotive Holding UK 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.

Polestar Automotive Holding UK Momentum Rank Related Terms

Thank you for viewing the detailed overview of Polestar Automotive Holding UK's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Polestar Automotive Holding UK (Polestar Automotive Holding UK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polestar Automotive Holding UK PLC (NAS:PSNY) » Definitions » Momentum Rank
Comparable Companies
NWTN LVWR FSR GGR BLBD CJET GOEV NIU WKHS MULN TSLA TSE:7203 SZSE:002594 XTER:MBG XTER:BMW STLA XTER:VOW3 MIL:RACE TSE:7267 F
Traded in Other Exchanges
PSNYW:USA A4N1:Germany
Address
Assar Gabrielssons Vag 9, Gothenburg, SWE, 405 31
Website
https://www.polestar.com
Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market-leading standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from USA.