BasicNet SpA (MIL:BAN) Momentum Rank : 2 (As of May. 27, 2024)

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What is BasicNet SpA Momentum Rank?

BasicNet SpA has the Momentum Rank of 2.

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 BasicNet SpA's Momentum Rank

For the Apparel Retail subindustry, BasicNet SpA'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.

BasicNet SpA's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, BasicNet SpA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where BasicNet SpA's Momentum Rank falls into.

BasicNet SpA Momentum Rank Related Terms

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BasicNet SpA (MIL:BAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » BasicNet SpA (MIL:BAN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BCJ:Germany

Address

Largo Maurizio Vitale, 1, Torino, ITA, 10152

Website

http://www.basicnet.com

BasicNet SpA is an Italian company which is engaged in distribution and development of leisurewear and sportswear, footwear and accessories for various brands including Kappa, Robe di Kappa, Jesus Jeans, Lanzera, K-Way, Superga, AB Besson, Sabelt, and Briko. The company also develops service activities such as the creation of new software for the online management of all supply chain processes, product research, and development, communication and sourcing for the distribution of its products through a global network of independent licensees. Its business is divided into two segments namely Clothing, footwear and accessories, Property.

BasicNet SpA (MIL:BAN) Headlines

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