Preformed Line Products Co (FRA:P4L) Momentum Rank : 6 (As of Jun. 04, 2024)

View and export this data going back to 2020. Start your Free Trial

What is Preformed Line Products Co Momentum Rank?

Preformed Line Products Co 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 Preformed Line Products Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Preformed Line Products Co'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.

Preformed Line Products Co's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Preformed Line Products Co's Momentum Rank falls into.

Preformed Line Products Co Momentum Rank Related Terms

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

Preformed Line Products Co (FRA:P4L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Preformed Line Products Co (FRA:P4L) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PLPC:USA

Address

660 Beta Drive, Mayfield Village, Cleveland, OH, USA, 44143

Website

https://www.preformed.com

Preformed Line Products Co is a designer and manufacturer of products and systems for constructing and maintaining overhead and underground networks for energy, telecommunication, cable operators, data communication, and other industries. In addition, it provides solar hardware systems and mounting hardware for a variety of solar power applications. Its products consist of Energy Products, Communications Products, and Special Industries Products. The company's majority of the revenue is derived from the sale of products in the United States with operations also in The Americas, Europe, the Middle East and Africa, and Asia-Pacific. The revenue gets driven by Energy products which comprise protecting transmission conductors, spacers, spacer-dampers, and Stockbridge dampers.

Preformed Line Products Co (FRA:P4L) Headlines

No Headlines