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Drop (WAR:DRP) Momentum Rank : 0 (As of May. 27, 2024)


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What is Drop Momentum Rank?

Drop 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.

Drop Momentum Rank Related Terms

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Drop (WAR:DRP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Drop SA (WAR:DRP) » Definitions » Momentum Rank
Comparable Companies
WAR:ATO WAR:TLO WAR:IVE WM RSG WCN XPAR:VIE GFL OSL:TOM SRCL SHSE:603568 XMAD:FCC SZSE:300070 HKSE:00257 CLH SZSE:002340 ADSW ASX:CWY SZSE:300815 CWST
Traded in Other Exchanges
N/A
Address
ul. Syta 114z/1, Warszawa, POL, 02-987
Website
https://www.drop-sa.pl
Drop SA focuses on the wholesale of waste and recycling materials of non-ferrous metals and steel. It is also engaged in the field of pro-ecological solutions, providing optimum safety and healthcare conditions.

Drop (WAR:DRP) Headlines

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