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VEF Radiotehnika RRR (ORSE:RRR1R) Momentum Rank : 0 (As of May. 23, 2024)


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What is VEF Radiotehnika RRR Momentum Rank?

VEF Radiotehnika RRR 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.

VEF Radiotehnika RRR Momentum Rank Related Terms

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VEF Radiotehnika RRR (ORSE:RRR1R) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VEF Radiotehnika RRR (ORSE:RRR1R) » Definitions » Momentum Rank
Comparable Companies
AAPL XKRX:005930 TSE:6758 SZSE:000333 SZSE:000651 HKSE:01810 TSE:6752 TSE:6971 SHSE:600690 SZSE:000100 SZSE:002241 XKRX:003550 XKRX:066575 HKSE:01169 TSE:6753 OSTO:ELUX A TSE:5947 SZSE:000050 TSE:6952 SZSE:002705
Traded in Other Exchanges
N/A
Address
Kurzemes prospekts 3, Riga, LVA, LV-1067
Website
http://www.rrr.lv
VEF Radiotehnika RRR is a Latvia based company engaged in the activity of purchase and sales of acoustic systems and their enclosures. It is also involved in the real estate renting services activity. The company primarily manufactures loudspeaker cabinets for companies in Italy, Germany and Czech Republic. Its products include Active Subwoofer, Center Channel, Floorstanding, Rigonda S Home Theater.

VEF Radiotehnika RRR (ORSE:RRR1R) Headlines

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