Rightmove (LSE:RMV) Momentum Rank : 7 (As of Apr. 28, 2024)

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What is Rightmove Momentum Rank?

Rightmove has the Momentum Rank of 7.

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.

Competitive Comparison of Rightmove's Momentum Rank

For the Internet Content & Information subindustry, Rightmove's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Rightmove's Momentum Rank Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Rightmove's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Rightmove's Momentum Rank falls into.

Rightmove Momentum Rank Related Terms

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Rightmove (LSE:RMV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Rightmove PLC (LSE:RMV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RTMVY:USA RTMVF:USA RMVl:UK 3JDA:Germany

Address

Caldecotte Lake Drive, 2 Caldecotte Lake Business Park, Caldecotte, Milton Keynes, GBR, MK7 8LE

Website

https://plc.rightmove.co.uk

Rightmove PLC provides online property search platforms. The company's customers include agents, buyers, renters, and new home developers. Rightmove provides users with tools such as the house price index, which tracks house prices and analyzes price trends in the U.K. house market, and a mortgage calculator, which estimates mortgages and monthly repayments. The company's segments include agencies, new homes, and others. Its agency segment provides resale and lettings property advertising services. The new homes segment provides property advertising services to new home developers. Its other segment includes overseas, commercial property, and nonproperty advertising services. The company generates maximum revenue from the agency segment.

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