SPX Technologies (FRA:SPW0) Momentum Rank : 3 (As of Dec. 12, 2024)

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

What is SPX Technologies Momentum Rank?

SPX Technologies has the Momentum Rank of 3.

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 SPX Technologies's Momentum Rank

For the Building Products & Equipment subindustry, SPX Technologies'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.

SPX Technologies's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, SPX Technologies's Momentum Rank distribution charts can be found below:

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

SPX Technologies Momentum Rank Related Terms

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

SPX Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SPX Technologies Inc (FRA:SPW0) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SPXC:USA SPW0:Germany

Address

6325 Ardrey Kell Road, Suite 400, Charlotte, NC, USA, 28277

Website

https://www.spx.com

SPX Technologies Inc supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company through two reportable segments. The HVAC segment which generates the majority of the revenue for the company, designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The detection and measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. Geographically, the company generates majority of its revenue in the United States and rest from China, United Kingdom and other regions.

SPX Technologies Headlines

No Headlines