Atlas Copco AB (XTER:ACO4) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is Atlas Copco AB Momentum Rank?

Atlas Copco AB 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.

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Atlas Copco AB (XTER:ACO4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atlas Copco AB (XTER:ACO4) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ATLFF:USA ATLKY:USA ATLPF:USA ATLCY:USA ATCO B:Sweden ATCO A:Sweden ATCOAs:UK 0XXT:UK 0XXV:UK ACO5:Germany

Address

Sickla Industrivag 19, Nacka, Stockholm, SWE, SE-105 23

Website

https://www.atlascopcogroup.com

Atlas Copco is a 140-year-old Swedish company that pioneered air compression technology and remains a leading air compressor manufacturer. Atlas Copco is also a leading manufacturer of vacuum pump equipment, industrial power tools, and portable power and air compression equipment. The company's operations match the geographic breadth of its customers, with a presence in 180 countries. Atlas Copco's revenue is derived from three sources: initial equipment sales, spare parts, and maintenance.

Atlas Copco AB (XTER:ACO4) Headlines

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