Afry AB (LTS:0QUU) Momentum Rank : 8 (As of Dec. 15, 2024)

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What is Afry AB Momentum Rank?

Afry AB 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 Afry AB's Momentum Rank

For the Engineering & Construction subindustry, Afry AB'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.

Afry AB's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Afry AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Afry AB's Momentum Rank falls into.

Afry AB Momentum Rank Related Terms

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Afry AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Afry AB (LTS:0QUU) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AFRY:Sweden B3Y1:Germany

Address

Frosundaleden 2, Solna, Stockholm, SWE, SE-169 99

Website

https://www.afry.com

Afry AB is an engineering and consulting firm with projects in energy, industrial, and infrastructure markets. It develops solutions for public and private clients and can serve all regions of the world. The business divisions are Industrial & Digital Solutions, Infrastructure, Process Industries, Energy, and Management Consulting. It constructs plants and provides market analysis for power generation, manufacturing facilities, and refining chemicals. It also offers engineering, design, and advisory services across three main sectors: infrastructure, industry, and energy. It generates the majority of its revenue from the Infrastructure segment.

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