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Coats Group (CHIX:COAL) Momentum Rank : 0 (As of May. 01, 2025)


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What is Coats Group Momentum Rank?

Coats Group has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Coats Group Momentum Rank Related Terms

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Coats Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Coats Group PLC (CHIX:COAl) » Definitions » Momentum Rank
Comparable Companies
LSE:AIEA HKSE:02313 TSE:3402 TPE:1402 IST:SASA SZSE:000158 BOM:532889 SHSE:601233 SHSE:600295 AIN TPE:2915 SZSE:301526 BOM:521064 BOM:502986 SHSE:603306 SZSE:002042 BOM:514162 HKSE:02299 SZSE:000420 WBO:LNZ
Traded in Other Exchanges
CGGGF:USA COA:UK 4TC:Germany
Address
14 Aldermanbury Square, 4th Floor, London, GBR, EC2V 7HS
Website
https://www.coats.com
Coats Group PLC is a firm manufacturing thread for industrial and consumer use. Its product portfolio includes industrial thread and knitting yarns used in the apparel and footwear industries, zips, trims, composites, and fabrics. The company's customers are grouped into three segments; Apparel which is also the key revenue generating customer segment, Footwear and Performance Materials. Geographically, the company generates a majority of its revenue from China and Hong Kong and the rest from Vietnam, India, United Kingdom and other regions.

Coats Group Headlines