International Consolidated Airlines Group (XMAD:IAG) Momentum Rank : 8 (As of May. 16, 2024)

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What is International Consolidated Airlines Group Momentum Rank?

International Consolidated Airlines Group has the Momentum Rank of 8.

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 International Consolidated Airlines Group's Momentum Rank

For the Airlines subindustry, International Consolidated Airlines 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.

International Consolidated Airlines Group's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, International Consolidated Airlines Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where International Consolidated Airlines Group's Momentum Rank falls into.

International Consolidated Airlines Group Momentum Rank Related Terms

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International Consolidated Airlines Group (XMAD:IAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » International Consolidated Airlines Group SA (XMAD:IAG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ICAGY:USA BABWF:USA 1IAG:Italy IAGl:UK 0A2L:UK IAG:UK INR:Germany IAG:Austria

Address

El Caserio, Iberia Zona Industrial No. 2, Camino de La Munoza, s/n, Madrid, ESP, 28042

Website

https://www.iairgroup.com

International Consolidated Airlines Group SA is a European airline group flying under the British Airways, Iberia, Aer Lingus, and Vueling brands. The company carried 264 million passengers to its network of 185 destinations globally. The group's main airport hubs are London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin. Geographically, it derives a majority of its revenue from the United Kingdom.