GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mips AB (OSTO:MIPS) » Definitions » Momentum Rank

Mips AB (OSTO:MIPS) Momentum Rank : 0 (As of May. 22, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Mips AB Momentum Rank?

Mips 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.

Mips AB Momentum Rank Related Terms

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

Mips AB (OSTO:MIPS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mips AB (OSTO:MIPS) » Definitions » Momentum Rank
Comparable Companies
OSTO:PRFO OSTO:SODER XSAT:GJAB OSTO:ATIC OSTO:UTG OSTO:USWE XSAT:WTG XSAT:BODY OSTO:DOM OSTO:THULE TSE:4661 HKSE:02020 TSE:7832 TSE:7309 HKSE:02331 MAT HAS PLNT TSE:7951 SZSE:300144
Traded in Other Exchanges
MIPSs:UK 0RNQ:UK 7M1:Germany
Address
Kemistvagen 1B, Taby, Stockholm, SWE, SE-183 79
Website
https://www.mipscorp.com
MIPS AB manufactures and sells helmet-based safety and brain protection products in Sweden. The company sells MIPS Brain Protection System for helmet solutions in the consumer market such as bicycles, winter sports, motorcycles, horse riding, team sports, and others; and in commercial markets such as military, police, and rescue services.

Mips AB (OSTO:MIPS) Headlines

No Headlines