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WilLak AB (NGM:WIL) Momentum Rank : 0 (As of May. 15, 2024)


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What is WilLak AB Momentum Rank?

WilLak 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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WilLak AB (NGM:WIL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WilLak AB (NGM:WIL) » Definitions » Momentum Rank
Comparable Companies
XKRX:350520 XKRX:145270 XKRX:338100 XKRX:404990 XKRX:400760 XKRX:417310 TT TSE:6367 CARR JCI XPAR:SGO XSWX:GEBN BLDR LII CSL DUB:KRX MAS OSTO:NIBE B OC SZSE:002271
Traded in Other Exchanges
N/A
Address
Northern Oskarsgatan 34, Linkoping, SWE, 582 73
Website
http://www.willak.se
WilLak AB provides smart building systems to construction companies in apartment buildings. It offers products including steel columns, building systems, curtain wall with wood or steel studs, fire insulation for steel columns and multi-storey structures.

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