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Eqology ASA (OSL:EQO) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Eqology ASA Momentum Rank?

Eqology ASA 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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Eqology ASA (OSL:EQO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Eqology ASA (OSL:EQO) » Definitions » Momentum Rank
Comparable Companies
ASX:SKN BOM:523120 BOM:532034 BOM:541865 WAR:VAB WAR:4MS XPAR:LEBL BOM:524136 BOM:530853 BOM:507970 XPAR:MLSDN NGM:SHI B BSP:HETA4 BOM:523289 TECR BOM:531663 SKVI BOM:531211 OSTO:ELN TISUQ
Traded in Other Exchanges
N/A
Address
Website
http://www.eqology.com
Eqology ASA is engaged in the manufacturing and sale of nutrition and skin care products. Its offering comprises of health products and skin and body care preparations and are distributed through catalogue orders and network of distribution partners.

Eqology ASA (OSL:EQO) Headlines

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