OC Oerlikon AG, Pfaffikon (CHIX:OERLZ) Momentum Rank : 4 (As of Dec. 12, 2024)

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What is OC Oerlikon AG, Pfaffikon Momentum Rank?

OC Oerlikon AG, Pfaffikon has the Momentum Rank of 4.

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 OC Oerlikon AG, Pfaffikon's Momentum Rank

For the Specialty Industrial Machinery subindustry, OC Oerlikon AG, Pfaffikon'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.

OC Oerlikon AG, Pfaffikon's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, OC Oerlikon AG, Pfaffikon's Momentum Rank distribution charts can be found below:

* The bar in red indicates where OC Oerlikon AG, Pfaffikon's Momentum Rank falls into.

OC Oerlikon AG, Pfaffikon Momentum Rank Related Terms

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OC Oerlikon AG, Pfaffikon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OC Oerlikon Corp AG, Pfaffikon (CHIX:OERLz) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0QO3:UK OERL:Switzerland

Address

Churerstrasse 120, Pfaffikon, CHE, 8808

Website

https://www.oerlikon.com

OC Oerlikon Corp AG, Pfaffikon engineers protective coatings for precision tools and components and equipment for textile production. The company has two operating segments namely Surface Solutions Division and Polymer Processing Solutions Division. It generates maximum revenue from the Surface Solutions Division segment. The Surface Solution Division is a supplier of materials and surface technologies for components and tools used in a wide range of industrial applications where superior materials and surface performance are required.

OC Oerlikon AG, Pfaffikon Headlines

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