Agilyx ASA (OSTO:AGLXO) Momentum Rank : 0 (As of Sep. 22, 2024)

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What is Agilyx ASA Momentum Rank?

Agilyx 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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Agilyx ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Agilyx ASA (OSTO:AGLXo) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AGXXF:USA AGLX:Norway 5NQ:Germany

Address

13240 SW Wall Street, Tigard, NOR, Oregon

Website

https://www.agilyx.com

Agilyx ASA is a developer of conversion technologies across the value chain intended to offer two molecular recycling product pathways enabling a circular economy for polystyrene and polymethyl methacrylate. The company offers waste sourcing and processing, thereby helping the entire plastic recycling market to convert recycled waste plastics into valuable resources such as oils and chemical substrate products.

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