FILA-Fabbrica Italiana Lapis ed Affini SpA (FRA:3S0) Momentum Rank : 7 (As of May. 16, 2024)

View and export this data going back to 2014. Start your Free Trial

What is FILA-Fabbrica Italiana Lapis ed Affini SpA Momentum Rank?

FILA-Fabbrica Italiana Lapis ed Affini SpA 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 FILA-Fabbrica Italiana Lapis ed Affini SpA's Momentum Rank

For the Business Equipment & Supplies subindustry, FILA-Fabbrica Italiana Lapis ed Affini SpA'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.

FILA-Fabbrica Italiana Lapis ed Affini SpA's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, FILA-Fabbrica Italiana Lapis ed Affini SpA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where FILA-Fabbrica Italiana Lapis ed Affini SpA's Momentum Rank falls into.

FILA-Fabbrica Italiana Lapis ed Affini SpA Momentum Rank Related Terms

Thank you for viewing the detailed overview of FILA-Fabbrica Italiana Lapis ed Affini SpA's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

FILA-Fabbrica Italiana Lapis ed Affini SpA (FRA:3S0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FILA-Fabbrica Italiana Lapis ed Affini SpA (FRA:3S0) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FILA:Italy 0QIQ:UK 3S0:Germany

Address

Via XXV Aprile, 5, Pero, Milan, ITA, 20016

Website

https://www.filagroup.it

FILA-Fabbrica Italiana Lapis ed Affini SpA operates in the creativity tools market, producing colouring, design, modelling, writing and painting objects, such as pencils, crayons, modelling clay, chalk, oil colours, acrylics, watercolours, paints and paper for the fine arts, school and leisure. Geographically, the company operates in Europe, North America (USA and Canada), Central and South America, Asia and the Rest of the World, which includes South Africa and Australia.

FILA-Fabbrica Italiana Lapis ed Affini SpA (FRA:3S0) Headlines

No Headlines