I-Tech AB (OSTO:ITECH) Momentum Rank : 0 (As of Dec. 16, 2024)

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What is I-Tech AB Momentum Rank?

I-Tech 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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I-Tech AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » I-Tech AB (OSTO:ITECH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Forandringens gata 10, Molndal, SWE, SE- 431 53

Website

https://www.i-tech.se

I-Tech AB is a biotechnology company. The company owns all IP and regulatory rights to the antifouling agent Selektope. Its business is to commercialize patented active substances to reduce marine fouling on hulls, gears, and other submerged structures.

I-Tech AB Headlines

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