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Glas Srpski - grafika a.d (XBLB:GLSG-R-A) Momentum Rank : 0 (As of Jun. 18, 2024)


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What is Glas Srpski - grafika a.d Momentum Rank?

Glas Srpski - grafika 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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Glas Srpski - grafika a.d (XBLB:GLSG-R-A) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Glas Srpski - grafika a.d (XBLB:GLSG-R-A) » Definitions » Momentum Rank
Comparable Companies
BOM:509650 WAR:LTG WAR:CCT XLIS:LIT BOM:531592 BOM:530177 BOM:538575 IVFZF XCNQ:AYL WAR:TXN WAR:CWP BOM:505320 BOM:523712 WAR:BTG WAR:COM WAR:ARI WAR:ACA CVOVQ BOM:540259 WAR:LGT
Traded in Other Exchanges
N/A
Address
Skender Kulenovic 93, Banja Luka, BIH
Website
http://www.glassrpske.com
Glas Srpski - grafika a.d is engaged in printing of excise stamps and cards, printed books, newspapers, brochures, publications, labels, checks, notepads, stickers, postcards, making fine and transport packaging, stamps, publication of books, magazines.

Glas Srpski - grafika a.d (XBLB:GLSG-R-A) Headlines

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