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Firma Oponiarska Debica (WAR:DBC) Momentum Rank : 3 (As of May. 29, 2024)


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What is Firma Oponiarska Debica Momentum Rank?

Firma Oponiarska Debica has the Momentum Rank of 3.

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 Firma Oponiarska Debica's Momentum Rank

For the Auto Parts subindustry, Firma Oponiarska Debica'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.

Firma Oponiarska Debica's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Firma Oponiarska Debica's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Firma Oponiarska Debica's Momentum Rank falls into.


Firma Oponiarska Debica Momentum Rank Related Terms

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Firma Oponiarska Debica (WAR:DBC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Firma Oponiarska Debica SA (WAR:DBC) » Definitions » Momentum Rank
Comparable Companies
WAR:SNK WAR:OPN WAR:ACG WAR:SDG WAR:HDR WAR:IZB WAR:ERG WAR:LES WAR:OZE WAR:ORL TSE:6902 MBLY TSE:5108 APTV XPAR:ML XKRX:012330 ISX:ASII TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
FD8:Germany
Address
ulica 1 Maja, Debica, POL, 39-200
Website
http://www.debica.com.pl
Tire company Debica SA is a Poland-based company manufactures tires for cars, trucks, tractors, bicycles, and motorcycles. It offers a wide range of consumer and commercial tires under the brand names Debica, Goodyear, Dunlop, Fulda, and Sava, as well as under private labels. Group's products are exported to markets of Germany, Slovenia, France, Italy, Romania, Turkey, Spain and the United Kingdom (UK) and Russia.