Binero Group AB (OSTO:BINERO) Momentum Rank : 10 (As of Sep. 21, 2024)

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What is Binero Group AB Momentum Rank?

Binero Group AB has the Momentum Rank of 10.

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 Binero Group AB's Momentum Rank

For the Software - Infrastructure subindustry, Binero Group AB'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.

Binero Group AB's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Binero Group AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Binero Group AB's Momentum Rank falls into.

Binero Group AB Momentum Rank Related Terms

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Binero Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Binero Group AB (OSTO:BINERO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gustavslundsvagen 141A, Bromma, Stockholm, SWE, 167 51

Website

https://www.binerogroup.com

Binero Group AB is a Swedish provider of digital infrastructure services for small and medium-sized companies. The company's offer includes, among other things, the development and management of a company's IT infrastructure as well as its own public cloud service, called IaaS (infrastructure as a service) that goes by the name of binero cloud. The company also operates several datacenters, where the waste heat is recycled and distributed into the district heating system.

Binero Group AB Headlines

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