Deversify Health AB (OSTO:DEV) Momentum Rank : 0 (As of Sep. 22, 2024)

View and export this data going back to 2021. Start your Free Trial

What is Deversify Health AB Momentum Rank?

Deversify Health 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.

Deversify Health AB Momentum Rank Related Terms

Thank you for viewing the detailed overview of Deversify Health AB's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Deversify Health AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Deversify Health AB (OSTO:DEV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

9BX:Germany

Address

Brahegatan 29, Stockholm, SWE, 114 37

Website

https://www.euroafricadigitalventures.com

Euroafrica Digital Ventures AB is a tech hub for digital services and platforms. The company owns and operates services and platforms for both Business to Business and Business to Consumer in fastest growing markets. The company's business concept is to identify functioning digital business models in a mature market such as Sweden and establish it in fast and less developed growth markets such as East Africa.