Nanosynth Group (LSE:NNN) Momentum Rank : 0 (As of Jun. 21, 2024)

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What is Nanosynth Group Momentum Rank?

Nanosynth 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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Nanosynth Group (LSE:NNN) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

27-28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.nanosynthgroup.com

Nanosynth Group PLC specialises in the synthesis and application of nanoparticles to create new and improved existing products The company, through its subsidiary, develops and manufactures digital monitoring and safeguarding systems for rotating shafts and security and risk management consultancy. It generates maximum revenue from the developing and manufacturing digital monitoring and safeguarding systems for rotating shafts. Geographically, it derives a majority of revenue from Europe.