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Better Collective AS (OSTO:BETCO) Momentum Rank : 0 (As of May. 20, 2024)


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What is Better Collective AS Momentum Rank?

Better Collective AS 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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Better Collective AS (OSTO:BETCO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Better Collective AS (OSTO:BETCO) » Definitions » Momentum Rank
Comparable Companies
OSTO:VIT B OSTO:TRUE B OSTO:LIME OSTO:FNOX OSTO:SEYE OSTO:CINT OSTO:IAR B OSTO:FPIP OSTO:CHECK OSTO:MSAB B CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
BETCO DKK:Denmark 9C8:Germany
Address
Toldbodgade 12, Copenhagen, DNK, 1253
Website
https://www.bettercollective.com
Better Collective AS is a developer of educational platforms within the iGaming industry. The company's segment includes Publishing and Paid Media. It generates maximum revenue from the Publishing segment. The Publishing business segment includes revenue from Better Collective's proprietary online platforms and media partnerships where the online traffic is coming either directly or through organic search results.

Better Collective AS (OSTO:BETCO) Headlines

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