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Trace SOP EOOD (XBUL:T57) Momentum Rank : 0 (As of May. 01, 2024)


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What is Trace SOP EOOD Momentum Rank?

Trace SOP EOOD 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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Trace SOP EOOD (XBUL:T57) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Trace SOP EOOD (XBUL:T57) » Definitions » Momentum Rank
Comparable Companies
XBUL:CBAM XBUL:SNRG XBUL:BBRD XBUL:GAMZ XBUL:ZLP XBUL:BRP XBUL:RBL XBUL:PET XBUL:AROM XBUL:PCH XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XKRX:028260
Traded in Other Exchanges
N/A
Address
Ul. Nikola Obrazopisov ? 12, Sofia, BGR, 1408
Website
http://www.tracebg.com
Trace SOP EOOD is engaged in construction and related activities. It performs major public projects in the field of infrastructure, environment, public works and hydro-technical construction, energy and building construction.

Trace SOP EOOD (XBUL:T57) Headlines

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