GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Takkt AG (XSWX:TTK) » Definitions » Momentum Rank

Takkt AG (XSWX:TTK) Momentum Rank : 0 (As of May. 27, 2024)


View and export this data going back to 1999. Start your Free Trial

What is Takkt AG Momentum Rank?

Takkt AG has the Momentum Rank of 0.

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.

Takkt AG Momentum Rank Related Terms

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

Takkt AG (XSWX:TTK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Takkt AG (XSWX:TTK) » Definitions » Momentum Rank
Comparable Companies
XTER:GSC1 XTER:CWC XTER:NTG XTER:ALG FRA:PEH XTER:BOSS STU:BMP XTER:EKT XTER:STO3 FRA:EUK3 TSE:7752 TSE:6448 SHSE:603899 SZSE:002152 TSE:8060 HNI TSE:7984 HKSE:02429 SCS SZSE:300130
Traded in Other Exchanges
0GC8:UK TTK:Germany
Address
Presselstrasse 12, Stuttgart, BW, DEU, 70191
Website
http://www.takkt.com
Takkt AG specializes in B2B distance selling for business equipment. The company is engaged in three segments namely, Industrial & Packaging, Office Furniture & Displays and FoodService. The company has its geographic presence in Germany, Europe without Germany, USA and Others.

Takkt AG (XSWX:TTK) Headlines

No Headlines