Finnair Oyj (STU:FAI0) Momentum Rank : 4 (As of Dec. 15, 2024)

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What is Finnair Oyj Momentum Rank?

Finnair Oyj has the Momentum Rank of 4.

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.

Competitive Comparison of Finnair Oyj's Momentum Rank

For the Airlines subindustry, Finnair Oyj's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Finnair Oyj's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Finnair Oyj's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Finnair Oyj's Momentum Rank falls into.

Finnair Oyj Momentum Rank Related Terms

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Finnair Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Finnair Oyj (STU:FAI0) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FNNNF:USA 0EG8:UK FIA1S:Finland FAI0:Germany

Address

Tietotie 9 A Helsinki Airport, PO Box 15, Vantaa, FIN, 01053

Website

https://company.finnair.com

Finnair Oyj is a Finland-based airline company that provides air transport operations and supporting services. The company is engaged in delivering services for scheduled passenger and charter traffic as well as cargo sales, customer service and service concepts, flight operations, and activities connected with the procurement and financing of aircraft. The company also provides travel services which consist of travel agency operations as well as tour operations and travel sector software business operations. Its travel services provide various traveling packages to customers through its travel operators and travel agencies, also its support services include catering services, Aircraft maintenance, ground handling, and Airline training.

Finnair Oyj Headlines

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