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Nordic Waterproofing Holding AB (OSTO:NWG) Momentum Rank : 0 (As of Jun. 18, 2024)


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What is Nordic Waterproofing Holding AB Momentum Rank?

Nordic Waterproofing Holding 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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Nordic Waterproofing Holding AB (OSTO:NWG) Business Description

Traded in Other Exchanges
Address
Ronnowsgatan 12, Helsingborg, SWE, SE-252 25
Nordic Waterproofing Holding AB is a producer and supplier of waterproofing products and services for buildings and infrastructure. The company operates in two segments: Products & Solutions, and Installation Services. It offers roofing products, building products, EPDM products (ethylene, propylene, diene, monomer) and various installation services. The company is well known in the market through brands such as AL-Katot, Hetag Tagmaterialer, Kerabit, KerabitPro, Mataki, Nortett, Phonix Tag Materialer, SealEco, and Trebolit. Geographically, it operates in Sweden, Noway, Denmark, Finland, Europe, and the Rest of the World. The majority of the company's revenue gets derived from the Products & Solutions segment.

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