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Fomento de Construcciones y Contratas (FRA:FCC) Momentum Rank : 8 (As of Apr. 27, 2024)


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What is Fomento de Construcciones y Contratas Momentum Rank?

Fomento de Construcciones y Contratas 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 Fomento de Construcciones y Contratas's Momentum Rank

For the Waste Management subindustry, Fomento de Construcciones y Contratas'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.


Fomento de Construcciones y Contratas's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Fomento de Construcciones y Contratas's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Fomento de Construcciones y Contratas's Momentum Rank falls into.



Fomento de Construcciones y Contratas Momentum Rank Related Terms

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Fomento de Construcciones y Contratas (FRA:FCC) Business Description

Traded in Other Exchanges
Address
Federico Salmon, 13, Madrid, ESP, 28016
Fomento de Construcciones y Contratas SA is in the business of environmental services, end to end water management, construction and cement. The company's activities include services related to urban water treatment, waste recovery, end to end water cycle and also infrastructure construction projects, building construction, manufacturing of cement and concrete and operation of quarries and mineral deposits. The firm derives majority of its revenues from environmental services segment. It carries out international operations in European, the US and Latin American markets.

Fomento de Construcciones y Contratas (FRA:FCC) Headlines

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