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Solnaberg Property AB (OSTO:SOLNA) Momentum Rank : 0 (As of May. 22, 2024)


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What is Solnaberg Property AB Momentum Rank?

Solnaberg Property 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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Solnaberg Property AB (OSTO:SOLNA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Solnaberg Property AB (OSTO:SOLNA) » Definitions » Momentum Rank
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NGM:REAL XSAT:BACKA OSTO:BONAS XSAT:LATF B OSTO:K2A B XSAT:KRONA OSTO:QUART XSAT:AQUAT XSAT:FLMNG XSAT:SYDSV CSGP CBRE XMAD:CLNX BEKE TSE:8830 HKSE:01972 OSTO:AKEL D SGX:9CI HKSE:01997 MIL:INW
Traded in Other Exchanges
N/A
Address
C/o Wilfast Forvaltning AB, Stora Badhusgatan 28A, Gothenburg, SWE, 411 21
Website
http://www.solnabergproperty.se
Solnaberg Property AB is a Sweden-based company involved in the real estate sector. It owns the property Solna Bladet 3 which comprises four combined office buildings. The property is in Bergshamra, a district in eastern Solna.

Solnaberg Property AB (OSTO:SOLNA) Headlines

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