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Eagle Filters Group (OHEL:EAGLE) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Eagle Filters Group Momentum Rank?

Eagle Filters Group 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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Eagle Filters Group (OHEL:EAGLE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Eagle Filters Group PLC (OHEL:EAGLE) » Definitions » Momentum Rank
Comparable Companies
BOM:512493 BOM:511696 BOM:542906 BOM:531027 BOM:538716 BOM:508905 BOM:511507 BOM:512489 BOM:539117 BOM:533252 ADX:IHC HON TSE:8058 TSE:6501 TSE:8031 TSE:8001 MMM ADX:ALPHADHABI HKSE:00267 TSE:8002
Traded in Other Exchanges
C72:Germany
Address
Lonnrotinkatu 5, Helsinki, FIN, 00120
Website
https://www.eaglefiltersgroup.com
Eagle Filters Group PLC is an investment group. It is focused on saving natural resources. The firm manages a portfolio of Nordic growth companies that are making an environmental impact globally. Loudspring core holdings are Eagle Filters, Nuuka Solutions, Enersize, Sofi Filtration, Swap.com, ResQ Club, and others.

Eagle Filters Group (OHEL:EAGLE) Headlines

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