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Actic Group AB (OSTO:ATIC) Momentum Rank : 0 (As of Jun. 18, 2024)


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What is Actic Group AB Momentum Rank?

Actic Group AB 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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Actic Group AB (OSTO:ATIC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Actic Group AB (OSTO:ATIC) » Definitions » Momentum Rank
Comparable Companies
OSTO:UTG OSTO:USWE XSAT:GJAB XSAT:WTG XSAT:BODY OSTO:SODER TSE:4661 HKSE:02020 TSE:7832 TSE:7309 HKSE:02331 MAT HAS PLNT TSE:7951 SZSE:300144 LSE:GAW HKSE:09992 YETI GOLF
Traded in Other Exchanges
8XA:Germany
Address
Smidesvagen 12, Solna, SWE, SE-171 41
Website
https://www.acticgroup.se
Actic Group AB is a health and fitness club operator with a focus on Sweden, Norway and Germany, and presence in Finland and Austria. The company provides access to fitness clubs, personal trainers, group training and swimming. It also offers energy bars and drinks, training clothes, and other training products through online web shops.

Actic Group AB (OSTO:ATIC) Headlines

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