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VEF AS (ORSE:VEF1R) Momentum Rank : 0 (As of Jun. 13, 2024)


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What is VEF AS Momentum Rank?

VEF AS 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 AS Momentum Rank Related Terms

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VEF AS (ORSE:VEF1R) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » VEF AS (ORSE:VEF1R) » Definitions » Momentum Rank
Comparable Companies
OHEL:SAGCV OHEL:ORTHEX OHEL:SPRING OHEL:SIILI OHEL:ANORA OHEL:AALLON OHEL:GOFORE OHEL:REG1V OHEL:RELAIS OHEL:RAP1V CSGP XMAD:CLNX CBRE BEKE HKSE:01997 HKSE:01972 SGX:9CI MIL:INW OSTO:AKEL D TSE:8830
Traded in Other Exchanges
N/A
Address
Brivibas Street 214, Riga, LVA, LV-1039
Website
http://www.vef.lv
VEF AS focuses on doing business by managing its own real estate property, renting business spaces, and also electricity distribution services for businesses located in the VEF territory.

VEF AS (ORSE:VEF1R) Headlines

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