Kjell Group AB (OSTO:KJELL) Momentum Rank : 4 (As of Mar. 02, 2025)

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What is Kjell Group AB Momentum Rank?

Kjell Group AB has the Momentum Rank of 4.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Kjell Group AB's Momentum Rank

For the Consumer Electronics subindustry, Kjell 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.

Kjell Group AB's Momentum Rank Distribution in the Hardware Industry

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

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

Kjell Group AB Momentum Rank Related Terms

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Kjell Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kjell Group AB (OSTO:KJELL) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Tarnogatan 6, Malmo, SWE, SE-211 24

Website

https://www.kjellgroup.com

Kjell Group AB is engaged in providing consumer electronics accessories. It operates in three segments: Sweden, Norway, and Denmark. The segments encompass sales via service points in Sweden and Norway and online-generated sales in each country. Segment Denmark includes Danish online sales in Sweden. Segment Sweden includes costs for Group-wide functions, including the purchasing organization in Shanghai, The majority of its revenue is derived from Sweden.

Kjell Group AB Headlines

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