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Jedinstvo Sevojno a.d (XBEL:JESV) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Jedinstvo Sevojno a.d Momentum Rank?

Jedinstvo Sevojno a.d 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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Jedinstvo Sevojno a.d (XBEL:JESV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jedinstvo Sevojno a.d (XBEL:JESV) » Definitions » Momentum Rank
Comparable Companies
XBEL:DNREM XBEL:MTLC XBEL:AMSO XBEL:KOPB ADX:IHC HON TSE:8058 TSE:6501 TSE:8031 TSE:8001 MMM ADX:ALPHADHABI HKSE:00267 TSE:8002 TSE:8053 TSE:4901 HKSE:00001 TSE:8015 TSE:6971 BSP:ITSA3
Traded in Other Exchanges
N/A
Address
Prvomajska bb, Sevojno, SRB, 31205
Website
http://www.mppjedinstvo.co.rs
Jedinstvo Sevojno a.d is engaged in the design and execution of hydro, thermal and gas installations. The company activities include hydrotechnical and thermotechnical installations, construction work, production program, transport, designing and recycling of raw material. Its projects include Water supply system Zubin Potok, Supply of Pomurje with drinking water - system A and Bar, Montenegro Water Supply and Sanitation of the Adriatic Coast III Bar.

Jedinstvo Sevojno a.d (XBEL:JESV) Headlines

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