Olav Thon Eiendomsselskap (OSTO:OLTO) Momentum Rank : 6 (As of Apr. 28, 2024)

View and export this data going back to 2013. Start your Free Trial

What is Olav Thon Eiendomsselskap Momentum Rank?

Olav Thon Eiendomsselskap has the Momentum Rank of 6.

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 Olav Thon Eiendomsselskap's Momentum Rank

For the Real Estate Services subindustry, Olav Thon Eiendomsselskap'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.

Olav Thon Eiendomsselskap's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Olav Thon Eiendomsselskap's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Olav Thon Eiendomsselskap's Momentum Rank falls into.

Olav Thon Eiendomsselskap Momentum Rank Related Terms

Thank you for viewing the detailed overview of Olav Thon Eiendomsselskap's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Olav Thon Eiendomsselskap (OSTO:OLTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Olav Thon Eiendomsselskap (OSTO:OLTO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

OLT:Norway 8IL:Germany

Address

Stenersgata 2A, Sentrum, P.O. Box 489, Oslo, NOR, 0105

Website

https://www.olt.no

Olav Thon Eiendomsselskap is a general real estate company that operates in two segments: shopping centers and commercial property. The vast majority of revenue is derived from its shopping center segment. Olav generates most of its revenue in Norway, followed by Sweden. The company aims to realize portfolio returns through active development, effective management, and satisfied tenants. The company considers merger and acquisition investment as a component of its operational growth strategy.

Olav Thon Eiendomsselskap (OSTO:OLTO) Headlines

No Headlines