Fastned BV (XAMS:FAST) Momentum Rank : 2 (As of May. 01, 2024)

View and export this data going back to 2019. Start your Free Trial

What is Fastned BV Momentum Rank?

Fastned BV has the Momentum Rank of 2.

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 Fastned BV's Momentum Rank

For the Specialty Retail subindustry, Fastned BV'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.

Fastned BV's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fastned BV's Momentum Rank distribution charts can be found below:

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

Fastned BV Momentum Rank Related Terms

Thank you for viewing the detailed overview of Fastned BV's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Fastned BV (XAMS:FAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fastned BV (XAMS:FAST) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FSF:Germany

Address

James Wattstraat 77R, Amsterdam, NH, NLD, 1097 DL

Website

https://www.fastned.nl

Fastned BV is engaged in providing fast charging services for electric vehicles. The company's technology is available for all types of electric vehicles such as Tesla Model 3/S/X, Nissan Leaf, BMW i3, and Hyundai Ioniq. The company has operations in the Netherlands, Germany, the United Kingdom, France, Switzerland, and Belgium. The majority of its operations and charging stations are in the Netherlands.