Kongsberg Automotive Holdings ASA (OSL:KOA) Momentum Rank : 4 (As of May. 24, 2024)

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What is Kongsberg Automotive Holdings ASA Momentum Rank?

Kongsberg Automotive Holdings ASA has the Momentum Rank of 4.

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 Kongsberg Automotive Holdings ASA's Momentum Rank

For the Auto Parts subindustry, Kongsberg Automotive Holdings ASA'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.

Kongsberg Automotive Holdings ASA's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Kongsberg Automotive Holdings ASA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Kongsberg Automotive Holdings ASA's Momentum Rank falls into.

Kongsberg Automotive Holdings ASA Momentum Rank Related Terms

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Kongsberg Automotive Holdings ASA (OSL:KOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kongsberg Automotive Holdings ASA (OSL:KOA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KGAUF:USA KOAo:Sweden KOAo:UK K3A:Germany

Address

Europaallee 39, Zurich, CHE, 8004

Website

https://www.kongsbergautomotive.com

Kongsberg Automotive Holdings ASA is a Norway-based company that develops, manufactures and sells products to the automotive industry. The company has organized its businesses into two segments, namely Powertrain and Chassis Products and Specialty Products. The Powertrain and Chassis Products business segment is comprised of the Driveline and On-Highway business units, while the business units under the Specialty Products business segment are Couplings, Fluid Transfer Systems (FTS), and Off-Highway.

Kongsberg Automotive Holdings ASA (OSL:KOA) Headlines

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