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Legible (STU:D0T) Momentum Rank : 0 (As of Jun. 02, 2024)


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What is Legible Momentum Rank?

Legible 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.

Legible Momentum Rank Related Terms

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Legible (STU:D0T) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Legible Inc (STU:D0T) » Definitions » Momentum Rank
Comparable Companies
TSX:GVC TSXV:FP LSE:INF LSE:PSON NYT SHSE:603000 OSL:SCHA SHSE:601928 SAU:4210 SHSE:601098 SHSE:601858 TSE:9468 SHSE:601019 SHSE:601921 SHSE:601949 SHSE:600373 SHSE:601900 WLY SZSE:000719 LSE:FUTR
Traded in Other Exchanges
LEBGF:USA READ:Canada
Address
2230 Ontario Street, Vancouver, BC, CAN, V5T 2X2
Website
https://www.legible.com/about
Legible Inc is a book entertainment and media company. The Company has developed two high-value verticals; firstly, a browser first accessible B2C eBook entertainment platform for the emerging web with high-growth potential called legible.com - an eBook entertainment platform delivering beautiful, accessible & immersive reading for next-generation readers; and secondly, a B2B eBook conversion and production service with high-revenue potential called Legible Publishing.

Legible (STU:D0T) Headlines

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