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Biokraft International AB (OSTO:BIOGAS) Momentum Rank : 0 (As of Jun. 15, 2024)


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What is Biokraft International AB Momentum Rank?

Biokraft International 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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Biokraft International AB (OSTO:BIOGAS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Biokraft International AB (OSTO:BIOGAS) » Definitions » Momentum Rank
Comparable Companies
OSTO:ARPL OSTO:ORGC OSTO:AXIC A OSTO:NEXAM OSTO:POLYG XSAT:PREBON OSTO:PCAT OSTO:AERO OSTO:TRIBO B XSAT:NATTA LIN XPAR:AI APD SHW ECL XSWX:SIKA SHSE:600309 BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
3JE:Germany
Address
KUNGSBRON 1 /KLARABERGSVIADUKTEN 70, ENTRANCE C 8 FLOOR, Stockholm, SWE, 111 22
Website
https://www.biokraft.com
Biokraft International AB is a Nordic greentech company that produces bioenergy and plant nutrition in a circular cycle by recycling organic waste and residual products in large-scale biorefineries. It is one of Northern Europe's largest producers of Bio-LNG.

Biokraft International AB (OSTO:BIOGAS) Headlines

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