TKH Group NV (CHIX:TWEKAA) Momentum Rank : 5 (As of Jun. 24, 2024)

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What is TKH Group NV Momentum Rank?

TKH Group NV has the Momentum Rank of 5.

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 TKH Group NV's Momentum Rank

For the Communication Equipment subindustry, TKH Group NV'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.

TKH Group NV's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TKH Group NV's Momentum Rank distribution charts can be found below:

* The bar in red indicates where TKH Group NV's Momentum Rank falls into.

TKH Group NV Momentum Rank Related Terms

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TKH Group NV (CHIX:TWEKAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TKH Group NV (CHIX:TWEKAa) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TWEKA:Netherlands 0NO1:UK

Address

Spinnerstraat 15, P.O. Box 5, Haaksbergen, OV, NLD, 7481 KJ

Website

https://www.tkhgroup.com

TKH Group NV is a provider of vertical-specific communications and connectivity solutions. Its operations are organized into three segments based on end-market--Telecom Solutions, which builds fiber network systems and indoor telecom and copper network systems; Building Solutions, which builds vision and security systems and specialty cable systems; and Industrial Solutions, which builds manufacturing systems and modules for the automotive and manufacturing industries. Close to half of the firm's revenue is generated in Europe, with the rest coming from Asia, North America, and other regions.

TKH Group NV (CHIX:TWEKAA) Headlines

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