Waberer's International Nyrt (STU:3WB) Momentum Rank : 0 (As of May. 21, 2024)

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What is Waberer's International Nyrt Momentum Rank?

Waberer's International Nyrt 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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Waberer's International Nyrt (STU:3WB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Waberer's International Nyrt (STU:3WB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

WABERERS:Hungary 3WB:Germany

Address

Nagykorosi ut 351, Budapest, HUN, H-1239

Website

http://www.waberers.com

Waberer's International Nyrt provides full truckload transportation (FTL) services in Europe. It operates through three segments: International transportation Services, comprising operations based in Hungary and Poland, Regional Contract Logistics, and Other main insurance operations. The company's activities cover the long-haul international transport of standard pallet goods, domestic transport, storage and distribution of dry and refrigerated goods, as well as international brokerage.

Waberer's International Nyrt (STU:3WB) Headlines

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