Metall Zug (LTS:0QLX) Momentum Rank : 6 (As of May. 25, 2024)

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What is Metall Zug Momentum Rank?

Metall Zug 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 Metall Zug's Momentum Rank

For the Conglomerates subindustry, Metall Zug'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.

Metall Zug's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Metall Zug's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Metall Zug's Momentum Rank falls into.

Metall Zug Momentum Rank Related Terms

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Metall Zug (LTS:0QLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Metall Zug Ltd (LTS:0QLX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MTLZF:USA METNz:UK METN:Switzerland

Address

Industriestrasse 66, Zug, CHE, 6302

Website

http://www.metallzug.ch

Metall Zug Ltd is engaged in the industrial sector. The company is organized, into five business segments namely; Wire Processing that provides wire processing equipment, test systems, software and services; Medical Devices that provides products and services for diagnosis and surgery, mainly in the fields of ophthalmology and surgical microscopy; Infection Control that provides Equipment for hospitals, as well as services and other products; Technologycluster & Infrastructure Management and development of real estate; and Others.

Metall Zug (LTS:0QLX) Headlines

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