Telia Company AB (CHIX:TELIAS) Momentum Rank : 6 (As of Dec. 11, 2024)

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What is Telia Company AB Momentum Rank?

Telia Company AB 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 Telia Company AB's Momentum Rank

For the Telecom Services subindustry, Telia Company 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.

Telia Company AB's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telia Company AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Telia Company AB's Momentum Rank falls into.

Telia Company AB Momentum Rank Related Terms

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Telia Company AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Telia Company AB (CHIX:TELIAs) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TLSNY:USA TLSNF:USA TELIA:Sweden 0H6X:UK TELIA1:Finland TLSG:Germany

Address

Stjarntorget 1, Solna, Stockholm, SWE, 169 94

Website

https://www.teliacompany.com

Telia is the incumbent telecommunications operator in Sweden but is also present in Norway, Finland, Denmark, and the Baltic countries. In the past five years, Telia has been narrowing its business focus, divesting businesses in Asia and focusing on its core markets. In 2022 Telia had revenue of more than SEK 90 billion, with the majority of it coming from the Nordic markets.

Telia Company AB Headlines

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