MFE-MediaForEurope (XMAD:MFEA) Momentum Rank : 0 (As of Jun. 19, 2024)

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What is MFE-MediaForEurope Momentum Rank?

MFE-MediaForEurope 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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MFE-MediaForEurope (XMAD:MFEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MFE-MediaForEurope (XMAD:MFEA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MFEA:Italy MFEB:Italy 0NE1:UK T0J1:Germany MFE2:Austria

Address

Viale Europa 46, Cologno Monzese, Milan, ITA, 20093

Website

https://www.mediaset.it

MFE-MediaForEurope, formerly Mediaset SpA is a broadcasting television mass media company that focuses on broadcast and production. The company generates the vast majority of its revenue in Italy but also broadcasts to several neighboring European countries. Mediaset operates a suite of free and pay-based television channels. These channels have a range of programs, including dramas, sports, children's content, and documentaries. In addition to its traditional television interests, Mediaset controls Medusa Film, a film production company, as well as numerous websites.

MFE-MediaForEurope (XMAD:MFEA) Headlines

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