Inwido AB (LTS:0QXM) Momentum Rank : 9 (As of Jun. 25, 2024)

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What is Inwido AB Momentum Rank?

Inwido AB has the Momentum Rank of 9.

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 Inwido AB's Momentum Rank

For the Building Products & Equipment subindustry, Inwido 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.

Inwido AB's Momentum Rank Distribution in the Construction Industry

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

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

Inwido AB Momentum Rank Related Terms

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Inwido AB (LTS:0QXM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

INWI:Sweden 5IW:Germany

Address

Engelbrektsgatan 15, Malmo, SWE, SE-211 33

Website

https://www.inwido.com

Inwido AB is a building material company that supplies both windows and doors. The company sells these products through three outlets, which include sales to manufacturers of prefabricated homes, construction companies, and direct to consumers. Inwido sells corporate brands such as Elitfonster and Tiivi. The majority of the company's revenue comes from Sweden. In addition to Inwindo's diversified product portfolio of doors and windows, the company offers "smart windows" that have antibacterial glass, integrated camera surveillance, and locks that can be operated via mobile phone apps. Inwido divides the business into four operating segments. The four segments are Scandinavia, Eastern Europe, e-Commerce, and Western Europe, out of which the majority is from the Scandinavia segment.

Inwido AB (LTS:0QXM) Headlines

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