Openjobmetis SpA Agenzia per il Lavoro (LTS:0RD2) Momentum Rank : 3 (As of May. 01, 2024)

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What is Openjobmetis SpA Agenzia per il Lavoro Momentum Rank?

Openjobmetis SpA Agenzia per il Lavoro has the Momentum Rank of 3.

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 Openjobmetis SpA Agenzia per il Lavoro's Momentum Rank

For the Staffing & Employment Services subindustry, Openjobmetis SpA Agenzia per il Lavoro'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.

Openjobmetis SpA Agenzia per il Lavoro's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Openjobmetis SpA Agenzia per il Lavoro's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Openjobmetis SpA Agenzia per il Lavoro's Momentum Rank falls into.

Openjobmetis SpA Agenzia per il Lavoro Momentum Rank Related Terms

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Openjobmetis SpA Agenzia per il Lavoro (LTS:0RD2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Openjobmetis SpA Agenzia per il Lavoro (LTS:0RD2) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

OJM:Italy

Address

Via Marsala 40/C, Centro Direzionale Le Torri, Varese, Gallarate, ITA, 21013

Website

https://www.openjobmetis.it

Openjobmetis SpA Agenzia per il Lavoro provides recruitment services. The firm offers solutions such as general staffing, professional staffing, and human resources solutions. The company's activities include supplying, recruiting, outplacement, and train personnel.

Openjobmetis SpA Agenzia per il Lavoro (LTS:0RD2) Headlines

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