Century Aluminum Co (OISE:CENX) Momentum Rank : 6 (As of May. 15, 2024)

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

What is Century Aluminum Co Momentum Rank?

Century Aluminum 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 Century Aluminum Co's Momentum Rank

For the Aluminum subindustry, Century Aluminum 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.

Century Aluminum Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Century Aluminum Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Century Aluminum Co's Momentum Rank falls into.

Century Aluminum Co Momentum Rank Related Terms

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

Century Aluminum Co (OISE:CENX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Century Aluminum Co (OISE:CENX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CENX:USA EY3:Germany

Address

One South Wacker Drive, Suite 1000, Chicago, IL, USA, 60606

Website

https://www.centuryaluminum.com

Century Aluminum Co produces primary aluminum standard grade and value-added products. The firm operates smelter facilities in the United States and Iceland. The majority of revenue is generated from Glencore, which agreed to purchase nearly all of Century Aluminum's North American production. Century purchases nearly all of its alumina from Glencore. The company produces high purity aluminum, standard grade aluminum sow and tee bars, and value-added billet and foundry products. Century also owns a carbon anode production facility in the Netherlands.