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Fenix Entertainment SpA (MIL:FNX) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Fenix Entertainment SpA Momentum Rank?

Fenix Entertainment SpA 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.

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Fenix Entertainment SpA (MIL:FNX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Fenix Entertainment SpA (MIL:FNX) » Definitions » Momentum Rank
Comparable Companies
MIL:MTVFR NFLX DIS XAMS:UMG WBD LYV WMG SIRI XPAR:BOL FWONA FOXA NWSA XPAR:VIV ROKU PARA EDR TKO XKRX:352820 TSE:9602 NXST
Traded in Other Exchanges
N/A
Address
Sede legale Viale Giuseppe Mazzini, Rome, ITA, 134 - 00195
Website
https://www.fenixent.com
Fenix Entertainment SpA is engaged in exploitation of the distribution rights of the films acquired; production and co-production of films and soundtracks for the Italian market and distribution of the same; production and co-production of sound recordings, and their distribution; search for talented people in the film and sound sector with sponsorship e-participation in national and international events and marketing and communication.

Fenix Entertainment SpA (MIL:FNX) Headlines