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Euroconsultants (ATH:EUROC) Momentum Rank : 0 (As of Jun. 18, 2024)


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What is Euroconsultants Momentum Rank?

Euroconsultants 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.

Euroconsultants Momentum Rank Related Terms

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Euroconsultants (ATH:EUROC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Euroconsultants SA (ATH:EUROC) » Definitions » Momentum Rank
Comparable Companies
BOM:532404 BOM:531439 XSAT:PROVIT XCNQ:GBLC OSTO:SECI BOM:532172 BOM:541196 WAR:EDN ASX:CCG ASX:IP1 XSWX:NTIV FRA:I5Q1 XPAR:MLDTB NSE:RELIABLE XSAT:CGIT B BOM:532521 WAR:DOK TSE:2452 WAR:KBJ BOM:538742
Traded in Other Exchanges
N/A
Address
21 Antonis Tritsis Street, Thermi, Thessaloniki, GRC, 57001
Website
http://www.euroconsultants.gr
Euroconsultants SA is engaged in the provision of consultancy services on innovation and technology. The company's services include socio-economic & regional development, Information & communication technology, Business & SME development, Energy & Environment, Government & Society and Project & Programme Management.

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