5th Planet Games AS (FRA:2HG1) Momentum Rank : 8 (As of Apr. 30, 2024)

View and export this data going back to 2019. Start your Free Trial

What is 5th Planet Games AS Momentum Rank?

5th Planet Games AS has the Momentum Rank of 8.

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 5th Planet Games AS's Momentum Rank

For the Electronic Gaming & Multimedia subindustry, 5th Planet Games AS'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.

5th Planet Games AS's Momentum Rank Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, 5th Planet Games AS's Momentum Rank distribution charts can be found below:

* The bar in red indicates where 5th Planet Games AS's Momentum Rank falls into.

5th Planet Games AS Momentum Rank Related Terms

Thank you for viewing the detailed overview of 5th Planet Games AS's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

5th Planet Games AS (FRA:2HG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 5th Planet Games AS (FRA:2HG1) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

5PG:Norway

Address

Gothersgade 11, Copenhagen K, DNK, 1123

Website

https://www.5thplanetgames.com

5th Planet Games AS is a mobile game development and publishing company based in Denmark. The company's games are available on the platforms like iOS, Android, Windows, Amazon, and Facebook. Its games include Street soccer ultimate, Hugo retro mania, Hugo world, and other games. The company generates its revenue from the sale of games and in-app purchases, advertising services, and from licence income. The company operates in single segment.

5th Planet Games AS (FRA:2HG1) Headlines

No Headlines