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Mexedia SPA (XPAR:ALMEX) Momentum Rank : 0 (As of Jun. 17, 2024)


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What is Mexedia SPA Momentum Rank?

Mexedia SPA 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.

Mexedia SPA Momentum Rank Related Terms

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Mexedia SPA (XPAR:ALMEX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mexedia SPA (XPAR:ALMEX) » Definitions » Momentum Rank
Comparable Companies
XPAR:ALCBI XPAR:EGR XPAR:ALBON XPAR:ALTUR XPAR:ALAUD XPAR:ALHGO XPAR:MLEFA XPAR:ABCA XPAR:IDIP BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III OSTO:EQT
Traded in Other Exchanges
N/A
Address
Via di Affogalasino 105, Roma, ITA, 00148
Website
https://www.mexedia.com
Mexedia SPA is an tech company offering innovative technologies to manage all communication activities between brand and customer. It works to establish an authentic, continuous relationship and omnichannel, between brands and people. It automates processes and puts technologies at the service of Sales, Marketing, and Customer Care. The Company's revenues mainly include income from the management, control and supervision services of subsidiaries.

Mexedia SPA (XPAR:ALMEX) Headlines

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