Plexus Holdings (AQSE:POS.GB) Momentum Rank : 2 (As of May. 20, 2024)

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What is Plexus Holdings Momentum Rank?

Plexus Holdings 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 Plexus Holdings's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, Plexus Holdings'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.

Plexus Holdings's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Plexus Holdings's Momentum Rank distribution charts can be found below:

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

Plexus Holdings Momentum Rank Related Terms

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Plexus Holdings (AQSE:POS.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Plexus Holdings PLC (AQSE:POS.GB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

POS:UK

Address

Yeoman Way, Highdown House, Worthing, West Sussex, GBR, BN99 3HH

Website

https://www.plexusplc.com

Plexus Holdings PLC is active in the business of oil and gas engineering and service. It is engaged in marketing a patented friction-grip method of engineering for oil and gas field wellheads and connectors, named POS-GRIP. The company derives revenue from the sale of its POS-GRIP technology and associated products, the rental of wellheads utilizing the POS-GRIP technology, and service income principally derived from assisting with the commissioning and ongoing service requirements of its equipment. It operates its business across the world. The majority of the revenue of the company is generated from the United Kingdom followed by Europe and the Rest of the world.

Plexus Holdings (AQSE:POS.GB) Headlines

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