Lleidanetworks Serveis Telematics (XMAD:LLN) Momentum Rank : 8 (As of Jun. 25, 2024)

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What is Lleidanetworks Serveis Telematics Momentum Rank?

Lleidanetworks Serveis Telematics has the Momentum Rank of 8.

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.

Competitive Comparison of Lleidanetworks Serveis Telematics's Momentum Rank

For the Telecom Services subindustry, Lleidanetworks Serveis Telematics's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lleidanetworks Serveis Telematics's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Lleidanetworks Serveis Telematics's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lleidanetworks Serveis Telematics's Momentum Rank falls into.

Lleidanetworks Serveis Telematics Momentum Rank Related Terms

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Lleidanetworks Serveis Telematics (XMAD:LLN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Lleidanetworks Serveis Telematics SA (XMAD:LLN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ALLLN:France 9TV:Germany

Address

No. 42, General lacy, Ground Floor - Local I, Madrid, ESP

Website

https://www.lleida.net

Lleidanetworks Serveis Telematics SA offers services as a telecommunications operator. The company provides registered eCommunications, SMS (short message service) solutions, electronic notification, contracting, and data validation services. It serves various industries including banking, call centers, financial services, utilities, real estate, insurance agents and brokers, legal services, temporary employment agencies, and government. Its segment comprises SMS Commercial, SMS Wholesale, and SAAS. The majority of sales by business line is through ICX Wholesale Solutions. Geographically, the majority of revenue is generated nationally.

Lleidanetworks Serveis Telematics (XMAD:LLN) Headlines

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