Lindex Group (FRA:SOMB) Momentum Rank : 3 (As of Jun. 24, 2024)

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What is Lindex Group Momentum Rank?

Lindex Group has the Momentum Rank of 3.

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 Lindex Group's Momentum Rank

For the Department Stores subindustry, Lindex Group'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.

Lindex Group's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lindex Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lindex Group's Momentum Rank falls into.

Lindex Group Momentum Rank Related Terms

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Lindex Group (FRA:SOMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lindex Group PLC (FRA:SOMB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0MW2:UK LINDEX:Finland

Address

Aleksanterinkatu 52, Helsinki, FIN, FI-00100

Website

https://www.stockmanngroup.com

Stockmann Oyj Abp is a retail trader based in Finland. It sells variants of products and operates under two divisions, which are Lindex and Stockmann. Stockmann has a further classification of Stockmann Retail and Real estate. Stockmann Retail includes non-food department store operations in Finland and non-food and food operations in the Baltic countries. It offers an extensive product range and customer service expertise in an international shopping environment. The Real Estate comprises the properties owned by the Group in Helsinki, St Petersburg, Tallinn, and Riga. The company operates its fashion chains segment through Lindex, which has a wide network of shops and e-commerce businesses throughout the European Union and Norway.

Lindex Group (FRA:SOMB) Headlines

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