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Viva Wine Group AB (OSTO:VIVA) Momentum Rank : 0 (As of Jun. 22, 2024)


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What is Viva Wine Group AB Momentum Rank?

Viva Wine Group 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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Viva Wine Group AB (OSTO:VIVA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Viva Wine Group AB (OSTO:VIVA) » Definitions » Momentum Rank
Comparable Companies
NGM:KOBR B OSTO:HIGHCO B OSTO:MACK B XSAT:UMIDA B OSTO:ARCTIC SHSE:600519 SZSE:000858 LSE:DGE XPAR:RI SZSE:000568 STZ SHSE:600809 BF.B SZSE:002304 SZSE:000596 MIL:CPR SHSE:603369 SGX:Y92 BOM:532432 SHSE:603198
Traded in Other Exchanges
N/A
Address
Blasieholmsgatan 4A, Stockholm, SWE, 111 48
Website
https://www.vivagroup.se
Viva Wine Group AB is a Sweden-based wine group operating in the e-commerce alcoholic beverages market. It develops, markets, and sells both wholly owned and partner brands in several markets. The company's geographical segments include Sweden, Finland, Germany, Norway, and other countries, of which Sweden accounts for the majority of its revenue.

Viva Wine Group AB (OSTO:VIVA) Headlines

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