Pierce Group AB (OSTO:PIERCE) Momentum Rank : 0 (As of May. 06, 2025)

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What is Pierce Group AB Momentum Rank?

Pierce Group AB has the Momentum Rank of 0.

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.

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Pierce Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pierce Group AB (OSTO:PIERCE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fleminggatan 20, Stockholm, SWE, 112 26

Website

https://www.piercegroup.com

Pierce Group AB is an e-commerce company. It sells motorcycle and snowmobile gear, parts, accessories, and streetwear to passionate customers through online stores such as 24MX, XLMOTO, and Sledstore. It has a local online presence in European markets. It has two larger segments, the Offroad segment, which includes sales to motocross and enduro riders; and the Onroad segment, which includes sales to high-road riders. In addition, the company has a smaller segment, Other, which focuses on snowmobile riders in the Nordics. A majority of its revenue is generated from the Offroad segment. Geographically, the company generates maximum revenue from Outside Nordics, which mainly refers to markets like Germany, France, Italy, and the United Kingdom, followed by Sweden and Other Nordic regions.

Pierce Group AB Headlines

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