ZignSec AB (OSTO:ZIGN) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is ZignSec AB Momentum Rank?

ZignSec 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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ZignSec AB (OSTO:ZIGN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

Z6C:Germany

Address

Gävlegatan 12 B, Stockholm, SWE, 113 30

Website

https://www.zignsec.com

ZignSec AB is a technology group in the fast-growing RegTech industry. The company provides SaaS platform with digital real-time solutions for customer due diligence and ID verification. The solutions are used by companies that in turn can optimize their processes for onboarding both corporate customers and consumers. The company solutions ensure compliance with ever-changing local and regulatory requirements for KYC and AML (Anti Money Laundering).

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