Elton /R (ATH:ELTON) Momentum Rank : 1 (As of Jun. 25, 2024)

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What is Elton /R Momentum Rank?

Elton /R 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 Elton /R's Momentum Rank

For the Chemicals subindustry, Elton /R'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.

Elton /R's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Elton /R's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Elton /R's Momentum Rank falls into.

Elton /R Momentum Rank Related Terms

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Elton /R (ATH:ELTON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elton SA /R (ATH:ELTON) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

Y1O:Germany

Address

Draseza Place, Industrial Park, Avlonas, Attica, GRC, 19011

Website

http://www.elton.gr

Elton SA /R is engaged in chemical ingredients distribution market & provides industrial solutions. The company covers Agrochemicals Animal Nutrition and Health, Food and Beverage, Cosmetics Pharma Household, Paints, Coatings, Construction materials, Textiles Chemical reagents and Lab equipment, Water treatment, Metal treatment, Paper treatment Candles, Lubricants, Plastics Raw materials for tires and Refrigerants. It also covers a range of industrial activities, to expand its network coverage and portfolio offering, but also to provide full up-to-date technical support and scientific information, elaborating its customers to create best products and results.

Elton /R (ATH:ELTON) Headlines

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