Acuity Brands (FRA:AQ8) Momentum Rank : 6 (As of May. 10, 2024)

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What is Acuity Brands Momentum Rank?

Acuity Brands has the Momentum Rank of 6.

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 Acuity Brands's Momentum Rank

For the Electrical Equipment & Parts subindustry, Acuity Brands'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.

Acuity Brands's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Acuity Brands's Momentum Rank distribution charts can be found below:

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

Acuity Brands Momentum Rank Related Terms

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Acuity Brands (FRA:AQ8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Acuity Brands Inc (FRA:AQ8) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AYI:USA AQ8:Germany

Address

1170 Peachtree Street, N.E., Suite 2300, Atlanta, GA, USA, 30309

Website

https://www.acuitybrands.com

Acuity Brands Inc is the parent company of Acuity Brands Lighting and other subsidiaries, which provide lighting products for commercial, institutional, industrial, and residential applications. These products include luminaires, lighting controls, lighting components, and integrated lighting systems that use a combination of light sources. Customers include electrical distributors, electric utilities, retail home improvement centers, and lighting showrooms. A majority of the firms' revenue is generated in the United States.

Acuity Brands (FRA:AQ8) Headlines

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