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Adevinta ASA (OSTO:ADEO) Momentum Rank : 0 (As of Jun. 25, 2024)


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What is Adevinta ASA Momentum Rank?

Adevinta 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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Adevinta ASA (OSTO:ADEO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Adevinta ASA (OSTO:ADEO) » Definitions » Momentum Rank
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Traded in Other Exchanges
ADEVY:USA
Address
Grensen 5, P.O. Box 490, Sentrum, Oslo, NOR, NO-0105
Website
https://www.adevinta.com
Adevinta ASA is a Global online classifieds company with generalist, real estate, cars, jobs, and other internet marketplaces. It focuses on connecting buyers seeking goods or services with a large base of sellers. The company's local brands include leboncoin in France, InfoJobs and Fotocasa in Spain, OLX in Brazil, Subito in Italy, and Jofogas in Hungary, among many others. Its geographical segment includes France; Spain; Brazil; Global Markets and others. The company derives a majority of revenue from France.

Adevinta ASA (OSTO:ADEO) Headlines

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