GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Readcrest Capital AG (STU:EXJ) » Definitions » Momentum Rank

Readcrest Capital AG (STU:EXJ) Momentum Rank : 0 (As of Jun. 22, 2024)


View and export this data going back to . Start your Free Trial

What is Readcrest Capital AG Momentum Rank?

Readcrest Capital AG 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.

Readcrest Capital AG Momentum Rank Related Terms

Thank you for viewing the detailed overview of Readcrest Capital AG's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Readcrest Capital AG (STU:EXJ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Readcrest Capital AG (STU:EXJ) » Definitions » Momentum Rank
Comparable Companies
XTER:SKB XTER:HHFA XTER:G6P XTER:SMHN XTER:BWB XTER:ADV FRA:SPB XTER:VBK XTER:HAG XTER:M12 XPAR:PUB OMC SZSE:002027 IPG LSE:WPP TSE:4324 XPAR:DEC XTER:SAX TSE:4751 TSE:2433
Traded in Other Exchanges
EXJ:Germany
Address
Schopenstehl 22, Hamburg, SH, DEU, D-20095
Website
https://www.readcrest.de
Readcrest Capital AG operates in the advertising industry. The company is focused on outdoor advertising particular in sirpports and railway stations in China and the organization of trade fairs and exhibitions.

Readcrest Capital AG (STU:EXJ) Headlines

No Headlines