PJSC MegaFon (MIC:MFON) Momentum Rank : 0 (As of May. 27, 2024)

View and export this data going back to 2012. Start your Free Trial

What is PJSC MegaFon Momentum Rank?

PJSC MegaFon 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.

PJSC MegaFon Momentum Rank Related Terms

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

PJSC MegaFon (MIC:MFON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » PJSC MegaFon (MIC:MFON) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 Oruzheyniy Lane, Moscow, RUS, 127006

Website

https://www.megafon.ru

PJSC MegaFon is a telecommunications company that provides fixed-line, mobile business, and hardware operations. The primary mobile segment provides voice, data, Internet, and business solutions products for customers in the Russian Federation. MegaFon operates its retail chain of stores through both direct ownership and franchised operations. The company also manages a hardware brand, which creates fixed phones, mobile phones, modems, laptops, and tablet computers. MegaFon generates the vast majority of its revenue in Russia. The company earns revenue in the form of Wireless services, wireline services, and sale of equipment and accessories, out of which the majority of the revenue is generated from Wireless services.