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Euro Menkul Kiymet Yatirim Ortakligi AS (IST:EUYO) Momentum Rank : 0 (As of Apr. 26, 2024)


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What is Euro Menkul Kiymet Yatirim Ortakligi AS Momentum Rank?

Euro Menkul Kiymet Yatirim Ortakligi AS 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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Euro Menkul Kiymet Yatirim Ortakligi AS (IST:EUYO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Euro Menkul Kiymet Yatirim Ortakligi AS (IST:EUYO) » Definitions » Momentum Rank
Comparable Companies
IST:GRNYO IST:EUKYO IST:AVTUR IST:ETYAT IST:MTRYO IST:DAGHL IST:OYAYO IST:HUBVC IST:VKFYO IST:DENGE BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
Ceyhun Kansu Street. No:66, Oguz Mahallesi Balgat, Ankara, TUR
Website
http://www.euroyatirimortakligi.com
Euro Menkul Kiymet Yatirim Ortakligi AS is engaged in establishing and managing partnership portfolios. It develops and manages a portfolio of capital market instruments, focusing on gold and other minerals.

Euro Menkul Kiymet Yatirim Ortakligi AS (IST:EUYO) Headlines

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