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VNV Global AB (OSTO:VNV) Momentum Rank : 0 (As of May. 26, 2024)


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What is VNV Global AB Momentum Rank?

VNV Global 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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VNV Global AB (OSTO:VNV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » VNV Global AB (OSTO:VNV) » Definitions » Momentum Rank
Comparable Companies
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Traded in Other Exchanges
82K:Germany
Address
Master Samuelsgatan 1, 1st Floor, Stockholm, SWE, SE-111 44
Website
https://www.vnv.global
VNV Global is an investment company. It is focused on long-term investments in primarily unlisted companies in both developed and emerging markets. The company's business concept is to identify and invest in assets with potential for value appreciation with a special focus on businesses with strong network effects. The investment portfolio consists of holdings in the sectors of digital health, mobility, classifieds, and other.

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