Kojamo Oyj (OHEL:KOJAMO) Momentum Rank : 10 (As of Jun. 16, 2024)

View and export this data going back to 2018. Start your Free Trial

What is Kojamo Oyj Momentum Rank?

Kojamo Oyj has the Momentum Rank of 10.

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.

Competitive Comparison of Kojamo Oyj's Momentum Rank

For the Real Estate Services subindustry, Kojamo Oyj's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Kojamo Oyj's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kojamo Oyj's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Kojamo Oyj's Momentum Rank falls into.

Kojamo Oyj Momentum Rank Related Terms

Thank you for viewing the detailed overview of Kojamo Oyj's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Kojamo Oyj (OHEL:KOJAMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kojamo Oyj (OHEL:KOJAMO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KOJAF:USA KOJAMh:UK 0A0E:UK V4OC:Germany

Address

Mannerheimintie 168a, P.O. Box 40, Helsinki, FIN, FI-00301

Website

https://www.kojamo.fi

Kojamo Oyj is a real estate investment company. It offers rental apartments and housing services in Finnish growth centers. Kojamo group's business operations are divided into two segments: Lumo and VVO. Lumo is a housing solution that offers rental housing and next-generation services in growth centers around Finland. Its non-commercial segment, VVO offers homes whose rents are determined following the cost-price principle. Kojamo operates in the seven main urban regions of Finland, focusing on the demand for rental apartments, especially in the Helsinki region.

Kojamo Oyj (OHEL:KOJAMO) Headlines

No Headlines