BellPal Holding (NGM:BELLP) Momentum Rank : 0 (As of Jun. 19, 2024)

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What is BellPal Holding Momentum Rank?

BellPal Holding 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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BellPal Holding (NGM:BELLP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » BellPal Holding (NGM:BELLP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Magnus Ladulasgatan, Stockholm, SWE, 118 65

Website

https://www.bellpal.com

BellPal Holding is a Swedish company that develops products and services to support seniors to live free and active lives. It is a caretech company that combines digital services with medical expertise in order to develop products, services and digital solutions primarily for seniors and medical care. Bell Pal's main business is a comprehensive platform that links the user with it's relatives and emergency central. Its platforms is based around a SaaS business model and therefore invoices the end-user with a monthly subscription fee for the usage of the service. The subscription includes both hardware and software for a package price.

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