Barloworld (FRA:BRL1) Momentum Rank : 5 (As of May. 21, 2024)

View and export this data going back to 2006. Start your Free Trial

What is Barloworld Momentum Rank?

Barloworld 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 Barloworld's Momentum Rank

For the Rental & Leasing Services subindustry, Barloworld'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.

Barloworld's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Barloworld's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Barloworld's Momentum Rank falls into.

Barloworld Momentum Rank Related Terms

Thank you for viewing the detailed overview of Barloworld's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Barloworld (FRA:BRL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Barloworld Ltd (FRA:BRL1) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BAW:South Africa BRRAY:USA BRRAF:USA

Address

61 Katherine Street, PO Box 782248, Sandton, Johannesburg, GT, ZAF, 2146

Website

https://www.barloworld.com

Barloworld Ltd is as an industrial processing, distribution and services company with two primary areas of focus: Industrial Equipment and Services and Consumer Industries (food and ingredient solutions). Industrial Equipment and related services, offers earthmoving equipment, industrial services and power systems, which enable the operation and maintenance of a large array of mining, construction and power solutions. Consumer Industries business provide large enterprises with the ingredients essential to the manufacturing of a range of products including food and beverages, paper, pharmaceuticals, building materials and adhesives, among others.

Barloworld (FRA:BRL1) Headlines

No Headlines