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Brisanet Participacoes (BSP:BRIT3) Momentum Rank : 0 (As of Apr. 29, 2024)


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What is Brisanet Participacoes Momentum Rank?

Brisanet Participacoes 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.

Brisanet Participacoes Momentum Rank Related Terms

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Brisanet Participacoes (BSP:BRIT3) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Brisanet Participacoes SA (BSP:BRIT3) » Definitions » Momentum Rank
Comparable Companies
BSP:TELB3 BSP:FIQE3 BSP:DESK3 BSP:LVTC3 BSP:DTCY3 BSP:ATOM3 SHSE:600941 CMCSA TMUS VZ T XTER:DTE TSE:9432 NSE:BHARTIARTL TSE:9433 HKSE:00728 CHTR TSE:9984 TSE:9434 AMX B
Traded in Other Exchanges
N/A
Address
Highway CE 138 KM 14, s/n, Pereiro, CE, BRA, 63460-000
Website
https://www.brisanet.com.br
Brisanet Participacoes SA offers broadband, fixed telephony, cable TV, and mobile telephony services in Brazil. It includes the provision of telecommunication services such as MCS (Multimedia Communication Service);equipment rental; IT services; radio and optical fiber network installation services.

Brisanet Participacoes (BSP:BRIT3) Headlines

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