Loral Spacemmunications (FRA:1L8) Momentum Rank : 0 (As of May. 26, 2024)

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What is Loral Spacemmunications Momentum Rank?

Loral Spacemmunications 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.

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Loral Spacemmunications (FRA:1L8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Loral Space & Communications Inc (FRA:1L8) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Fifth Avenue, New York, NY, USA, 10020

Website

http://www.loral.com

Loral Space & Communications Inc is a provider of satellite-based communications services. The firm generates revenue from two main sources: broadcast services and enterprise services. The former includes video distribution and contribution for broadcasters and cable networks. The latter offers telecommunication carrier and integrator services, two-way Internet services, and maritime and aeronautical services for carriers, and communications providers. A large majority of the firm's revenue is generated in the United States and Canada, with the rest coming from Latin America, Europe, and the Middle East and Africa.

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