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Prva Strategicka AS (XBRA:1PRV001E) Momentum Rank : 0 (As of May. 13, 2024)


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What is Prva Strategicka AS Momentum Rank?

Prva Strategicka AS 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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Prva Strategicka AS (XBRA:1PRV001E) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Prva Strategicka AS (XBRA:1PRV001E) » Definitions » Momentum Rank
Comparable Companies
TSE:7343 TSE:7181 TSE:7326 TSE:8725 TSE:9679 TSE:8715 TSE:8766 TSE:8750 TSE:7170 TSE:7388 ADX:IHC HON TSE:8058 TSE:6501 TSE:8031 TSE:8001 MMM ADX:ALPHADHABI HKSE:00267 TSE:8002
Traded in Other Exchanges
N/A
Address
Trnavska cesta 27/B, Bratislava, SVK, 83104
Website
http://www.prvastrategicka.sk
Prva Strategicka AS is engaged in the purchase and sale of goods within free trade by retail and wholesale, brokerage, and also provides organizational and economic consultancy services.

Prva Strategicka AS (XBRA:1PRV001E) Headlines

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