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Linda Nektar AS (OTSE:LINDA) Momentum Rank : 0 (As of Jun. 11, 2024)


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What is Linda Nektar AS Momentum Rank?

Linda Nektar AS 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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Linda Nektar AS (OTSE:LINDA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Linda Nektar AS (OTSE:LINDA) » Definitions » Momentum Rank
Comparable Companies
HKSE:00688 HKSE:00160 HKSE:01668 HKSE:00034 HKSE:00173 HKSE:01109 HKSE:01908 HKSE:00123 HKSE:00760 HKSE:00496 SHSE:600519 SZSE:000858 LSE:DGE XPAR:RI STZ SZSE:000568 SHSE:600809 BF.B SZSE:002304 SZSE:000596
Traded in Other Exchanges
N/A
Address
Valga mnt 4, Antsla Vald, Vorumaa, Kobela, EST, 66407
Website
https://www.lindanektar.ee
Linda Nektar AS is engaged in the production of beverage solutions providing unpackaged fruit wines and ferments for the beverages industry. It Manufactures cider and other fruit wines. Geographic regions are Estonia, Finland, Lithuania, Latvia, and Other EU countries, and it generates its revenue from Latvia.

Linda Nektar AS (OTSE:LINDA) Headlines

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