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P2P Group (FRA:3QG) Momentum Rank : 0 (As of Dec. 13, 2024)


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What is P2P Group Momentum Rank?

P2P Group 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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P2P Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » P2P Group Ltd (FRA:3QG) » Definitions » Momentum Rank
Comparable Companies
XCNQ:CGII TSX:MAV TSXV:FRDY PG XPAR:OR LSE:ULVR BOM:500696 CL LSE:RKT KMB EL KVUE XTER:BEI XTER:HEN3 CHD TSE:8113 TSE:4452 OSTO:ESSITY B CLX TSE:4911
Traded in Other Exchanges
PPB:Canada
Address
1231 Pacific Boulevard, Suite 650, Vancouver, BC, CAN, V6Z 0E2
Website
https://www.p2pbeauty.com
P2P Group Ltd is engaged in advancing intelligent environments with cutting-edge AI technologies. Its Product Inturai is dedicated to transforming environments across industries through AI-driven monitoring solutions. With proprietary spatial intelligence technology, Inturai creates smarter, safer, and more responsive spaces for sectors including healthcare, industrial automation, and defense. Leveraging cutting-edge AI and self-calibrating Wi-Fi mesh networks, Inturai is charge in the next generation of environment monitoring, seamlessly integrating real-time insights without reliance on traditional hardware sensors.

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