Carclo (Carclo) Momentum Rank : 1 (As of Apr. 29, 2024)

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What is Carclo Momentum Rank?

Carclo has the Momentum Rank of 1.

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 Carclo's Momentum Rank

For the Auto Parts subindustry, Carclo'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.

Carclo's Momentum Rank Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Carclo's Momentum Rank falls into.

Carclo Momentum Rank Related Terms

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Carclo (Carclo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Carclo PLC (OTCPK:CCEGF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CARl:UK CAR.GB:UK CAR:UK C1Y:Germany

Address

Unit 5, Silkwood Court, Ossett, W Yorks, GBR, WF5 9TP

Website

http://www.carclo-plc.com

Carclo PLC is a technology-led plastics group that is engaged in three segments: CTP, Aerospace, and Central. The CTP segment supplies value-adding engineered solutions for the life science, optical and precision component industries. This business operates internationally in a fast?growing and dynamic market underpinned by rapid technological development. The Aerospace segment supplies systems to the manufacturing and aerospace industries. The central segment relates to central costs and non-trading companies. Geographically, it operates in the regions of the UK, North America, China, and India. The company earns three-fifths of its revenue from medical products, and the balance of the revenue is generated from the automotive industry.