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Hubso Group AB (XSAT:HUBSO) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Hubso Group AB Momentum Rank?

Hubso Group AB 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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Hubso Group AB (XSAT:HUBSO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Hubso Group AB (XSAT:HUBSO) » Definitions » Momentum Rank
Comparable Companies
XSAT:OURLIV XSAT:VAXXA XSAT:HOODIN NGM:TIRO XSAT:OMNI XSAT:COMINT OSTO:COMPDM XSAT:PROVIT OSTO:ZAPLOX OSTO:KILI CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
N/A
Address
Sturegatan 32, Stockholm, SWE, 114 36
Website
https://www.hubso.com
Hubso Group AB is a Swedish company that offers web-based services. The company provides the following services - Image Optimization, which provides lower charging time to the sites, resulting in higher rankings with Google. It also makes the photos easier and lower the bandwidth usage. Other services provided by the company are Software optimization, Market Optimization, and Branding.

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