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Herno Gin AB (OSTO:HERNO B) Momentum Rank : 0 (As of Jan. 18, 2025)


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What is Herno Gin AB Momentum Rank?

Herno Gin 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.

Herno Gin AB Momentum Rank Related Terms

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Herno Gin AB Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Herno Gin AB (OSTO:HERNO B) » Definitions » Momentum Rank
Comparable Companies
XSAT:UMIDA B OSTO:HIGHCO B OSTO:ARCTIC SHSE:600519 SZSE:000858 LSE:DGE SHSE:600809 XPAR:RI SZSE:000568 BF.B SZSE:002304 BOM:532432 SZSE:000596 SGX:Y92 SHSE:603369 MIL:CPR SHSE:603198 ASX:TWE PHS:EMI ASX:EDV
Traded in Other Exchanges
N/A
Address
Hornsgatan 1, Stockholm, SWE, 118 46
Website
https://www.hernogin.com
Herno Gin AB produces gins from natural organic botanicals in the hand hammered copper stills Kierstin, Marit and Yvonne. The products of the company include Herno Blackcurrant, Herno Swedish Capital Gin, Herno Sloe Gin, Herno Juniper Cask Gin, and others.

Herno Gin AB Headlines

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