Online Brands Nordic AB (OSTO:OBAB) Momentum Rank : 5 (As of Jun. 24, 2024)

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What is Online Brands Nordic AB Momentum Rank?

Online Brands Nordic AB has the Momentum Rank of 5.

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.

Competitive Comparison of Online Brands Nordic AB's Momentum Rank

For the Internet Retail subindustry, Online Brands Nordic 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.

Online Brands Nordic AB's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Online Brands Nordic AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Online Brands Nordic AB's Momentum Rank falls into.

Online Brands Nordic AB Momentum Rank Related Terms

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Online Brands Nordic AB (OSTO:OBAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Online Brands Nordic AB (OSTO:OBAB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Flojelbergsgatan 7A, Molndal, SWE, 431 37

Website

https://www.onlinebrands.se

Online Brands Nordic AB is an e-commerce company. The group operates the online store Trendcarpet, which is engaged in retailing of carpets. The company operates in more than 10 different countries and is primarily aimed at the private market. The group also houses international e-commerce for hats under the Hatshop brand and the jewelery store John Victorin in Varberg AB.

Online Brands Nordic AB (OSTO:OBAB) Headlines

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