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Freetrailer Group A/S (XSAT:FREETR) Momentum Rank : 0 (As of Jun. 14, 2024)


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What is Freetrailer Group A/S Momentum Rank?

Freetrailer Group A/S 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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Freetrailer Group A/S (XSAT:FREETR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Freetrailer Group A/S (XSAT:FREETR) » Definitions » Momentum Rank
Comparable Companies
XSAT:ENVI B OSTO:TSEC OSTO:REATO OSTO:VH OSTO:WAYS OSTO:FRAM B OSTO:HIFA B OSTO:NOTEK XSAT:WEG OSTO:LINKAB URI LSE:AHT AER BSP:RENT3 UHAL WSC CAR XPAR:ALD TSX:EFN TSE:8439
Traded in Other Exchanges
R0C:Germany
Address
Mollevej 67-69, Gladsaxe, Soborg, DNK, 2860
Website
https://www.freetrailer.com
Freetrailer Group A/S is a Danish tech company that allows people to hire different types of trailers and cargo bikes on a rental basis through its technology platform. Some of the products that people can hire through its platform are Closed trailer, Open trailer, Open 2 axle trailer and Trio eBike.

Freetrailer Group A/S (XSAT:FREETR) Headlines

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