Jaywing (FRA:D6BE) Momentum Rank : 0 (As of Jun. 05, 2024)

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What is Jaywing Momentum Rank?

Jaywing 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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Jaywing (FRA:D6BE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Jaywing PLC (FRA:D6BE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

JWNG:UK

Address

71 Sidney Street, Albert Works, Sheffield, GBR, S1 4RG

Website

https://www.jaywing.com

Jaywing PLC is engaged in providing digital marketing services. The company operates its business in three segments: Brand Performance, Online Performance, and Data Analysis & Technology. Through its subsidiaries, the firm involves direct marketing, online marketing, and online public relations. It principally serves clients from various sectors such as financial services, travel, and leisure, retail, entertainment, utilities, telecommunications, education, cultural, legal, and automotive. It generates revenue from the provision of digital marketing services.

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