Raubex Group (FRA:B7P) Momentum Rank : 1 (As of May. 08, 2024)

View and export this data going back to 2007. Start your Free Trial

What is Raubex Group Momentum Rank?

Raubex Group has the Momentum Rank of 1.

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 Raubex Group's Momentum Rank

For the Engineering & Construction subindustry, Raubex Group'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.

Raubex Group's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Raubex Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Raubex Group's Momentum Rank falls into.

Raubex Group Momentum Rank Related Terms

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

Raubex Group (FRA:B7P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Raubex Group Ltd (FRA:B7P) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RBX:South Africa

Address

Kenneth Kaunda Road Extension, Noordstad, Cleveley, Bloemfontein, FS, ZAF, 9300

Website

https://www.raubex.com

Raubex Group Ltd is a South African infrastructure development and construction materials supply group. It operates across South Africa as well as throughout southern Africa. The group consists of three divisions as follows: The materials division specializes in the supply of aggregates from commercial quarries and is a provider of materials handling and screening services to the mining industry. Roads and Earthworks Division specializes in road construction and earthworks as well as road surfacing and rehabilitation which includes the manufacturing and laying of asphalt, chip and spray, surface dressing, enrichments, and slurry seals. The infrastructure division specializes in disciplines outside the road construction sector, including energy, rail, and telecommunications.

Raubex Group (FRA:B7P) Headlines

No Headlines