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Nowonomics AB (NGM:NOWO.TO2) Momentum Rank : 0 (As of Jun. 14, 2024)


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What is Nowonomics AB Momentum Rank?

Nowonomics AB 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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Nowonomics AB (NGM:NOWO.TO2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Nowonomics AB (NGM:NOWO.TO2) » Definitions » Momentum Rank
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OSTO:MODEL B OSTO:MESTRO OSTO:NORDIG OSTO:LITI OSTO:SPEONE OSTO:HOYLU XSAT:MNDRK OSTO:SDS OSTO:SILEON OSTO:DIAH CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
NOWO:Sweden
Address
Artillerigatan 42, Stockholm, SWE, 114 45
Website
https://www.nowo.se
Nowonomics AB is a savings platform whose purpose is to help you as a user to get a better personal finances. It aims to promote savings before retirement and therefore develops its own tools and solutions together with partners to simplify, educate and help members to have a better financial situation.

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