GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Helma Eigenheimbau AG (LTS:0W0T) » Definitions » Momentum Rank

Helma Eigenheimbau AG (LTS:0W0T) Momentum Rank : 0 (As of Jun. 22, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Helma Eigenheimbau AG Momentum Rank?

Helma Eigenheimbau AG 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.

Helma Eigenheimbau AG Momentum Rank Related Terms

Thank you for viewing the detailed overview of Helma Eigenheimbau AG's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Helma Eigenheimbau AG (LTS:0W0T) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Helma Eigenheimbau AG (LTS:0W0T) » Definitions » Momentum Rank
Comparable Companies
BOM:504080 NSE:VETO BOM:542668 NSE:GEEKAYWIRE BOM:517170 BOM:500008 BOM:517096 BOM:521005 BOM:504212 BOM:517273 DHI LEN NVR PHM TSE:1928 TOL LSE:BKG TSE:1911 LSE:BDEV LSE:TW.
Traded in Other Exchanges
H5E:Germany
Address
Zum Meersefeld 4, Lehrte, DEU, 31275
Website
https://www.helma.de
Helma Eigenheimbau AG is a construction service provider. The company is engaged in the planning and construction management of turnkey and partly turnkey detached and semi-detached houses in solid construction based on customer orders. It operates in two segments: Individual, which includes individually planned housing units; and Pre-planned, which includes pre-planned housing units, and holiday houses and apartments.

Helma Eigenheimbau AG (LTS:0W0T) Headlines

No Headlines