Sileon AB (OSTO:SILEON) Momentum Rank : 1 (As of Jun. 24, 2024)

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What is Sileon AB Momentum Rank?

Sileon AB has the Momentum Rank of 1.

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 Sileon AB's Momentum Rank

For the Software - Application subindustry, Sileon 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.

Sileon AB's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Sileon AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sileon AB's Momentum Rank falls into.

Sileon AB Momentum Rank Related Terms

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Sileon AB (OSTO:SILEON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sileon AB (OSTO:SILEON) » Definitions » Momentum Rank

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Traded in Other Exchanges

7PN1:Germany

Address

Soder Malarstrand 65, Stockholm, SWE, 118 25

Website

https://www.sileon.com

Sileon AB is a fintech company that offers an innovative SaaS-based Buy Now Pay Later (BNPL) functionality to banks, lenders, and fintech. Sileon's BNPL solution is integrated into the customer's environment and operates under the customer's brand. Its BNPL product consists of platform and solution modules that enable customers to run their BNPL in-house, on their own terms, and in their own brand.

Sileon AB (OSTO:SILEON) Headlines

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