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Readly International AB (OSTO:READ) Momentum Rank : 0 (As of May. 28, 2024)


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What is Readly International AB Momentum Rank?

Readly International 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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Readly International AB (OSTO:READ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Readly International AB (OSTO:READ) » Definitions » Momentum Rank
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OSTO:ENRO OSTO:SPEQT XSAT:EVERY OSTO:TOURN XSAT:AMIDO NGM:TRML OSTO:CTM GOOGL META HKSE:00700 XAMS:PRX BIDU SPOT DASH JSE:NPN HKSE:01024 XKRX:035420 PINS SNAP XKRX:035720
Traded in Other Exchanges
5GS1:Germany
Address
Kungsgatan 17, PO Box 33 41, Stockholm, SWE, 111 43
Website
https://readly.com
Readly International AB is a provider of digital subscription services that offer access to digital magazines and newspapers. Its subscription gives the user unlimited access to thousands of magazines in around 16 local languages. Geographically company derived its revenue from Germany, UK, Sweden, France, and Others.

Readly International AB (OSTO:READ) Headlines

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