Any Security Printing Co (BUD:ANY) Momentum Rank : 0 (As of May. 16, 2024)

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What is Any Security Printing Co Momentum Rank?

Any Security Printing Co 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.

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Any Security Printing Co (BUD:ANY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Any Security Printing Co PLC (BUD:ANY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

X07:Germany

Address

Halom street 5,, 10th district,, Budapest, HUN, 1102

Website

https://www.any.hu

Any Security Printing Co PLC is a Hungary-based security and business form-producing company. The Company produces Security products and solutions (tax stamps. stickers with security elements), plastic cards (document cards, bank and commercial cards, personalized business and administration forms, as well as conventional printing products. The company operates in segments namely Security products and solutions; Card production and personalization; Form production and personalization, data processing; Traditional printing products; and Others.