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Resqunit AB (OSTO:RESQ) Momentum Rank : 0 (As of May. 24, 2024)


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What is Resqunit AB Momentum Rank?

Resqunit 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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Resqunit AB (OSTO:RESQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Resqunit AB (OSTO:RESQ) » Definitions » Momentum Rank
Comparable Companies
XSAT:GOMERO NGM:LAIR NGM:RENT OSTO:BAWAT OSTO:CIRCHE OSTO:SAXG VLTO XBRU:UMI ZWS FSS TSE:6370 SZSE:300390 OSTO:MTRS SHSE:600388 SHSE:603279 ATMU TSE:6368 HKSE:00586 SZSE:000544 TSE:7004
Traded in Other Exchanges
N/A
Address
Grenseveien 21, Sandnes, NOR, 4313
Website
https://www.resqunit.com
Resqunit AB is an ocean tech company developing innovative equipment to disarm and retrieve lost fishing gear. Through sensor data collection and software, the company aims to increase knowledge about the oceans and increase catch predictability.

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