GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Komunalac a.d (XBLB:KMNC-R-A) » Definitions » Momentum Rank

Komunalac a.d (XBLB:KMNC-R-A) Momentum Rank : 0 (As of Jun. 19, 2024)


View and export this data going back to 2003. Start your Free Trial

What is Komunalac a.d Momentum Rank?

Komunalac 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.

Komunalac a.d Momentum Rank Related Terms

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

Komunalac a.d (XBLB:KMNC-R-A) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Komunalac a.d (XBLB:KMNC-R-A) » Definitions » Momentum Rank
Comparable Companies
MIC:VTRS NGM:METV MTF WAR:ATO CWSS BOM:539515 ECMT WAR:GRE WAR:DRP WAR:SAP GETH WAR:IVE ECEZ XCNQ:LUX XCNQ:BAC WAR:BER TSXV:CVR XKLS:7163 WAR:GTS LSE:NGR BOM:533427
Traded in Other Exchanges
N/A
Address
Ulica Milosa Crnjanskog 7, Bijeljina, BIH, 76300
Website
http://www.komunalacbn.com
Komunalac a.d operates as a waste management service provider in Bosnia and Herzegovina. The activities of the company include solid waste disposal, collection of recyclable waste, maintenance of public transport, maintenance of green areas, maintaining timber and planting new seedlings, production and sale of flowers for urban greenery, and services for special utility vehicles.

Komunalac a.d (XBLB:KMNC-R-A) Headlines

No Headlines