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Jungheinrich AG (Jungheinrich AG) Momentum Rank : 0 (As of Jun. 03, 2024)


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What is Jungheinrich AG Momentum Rank?

Jungheinrich AG has the Momentum Rank of 0.

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.

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Jungheinrich AG (Jungheinrich AG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jungheinrich AG (OTCPK:JGHHY) » Definitions » Momentum Rank
Comparable Companies
LSE:ROR LSE:BOY LSE:IMI LSE:MGAM LSE:ITM LSE:GDWN LSE:WEIR LSE:CGS LSE:AVG LSE:RNO GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
0EXP:UK JUN3:Germany JUN3:Austria
Address
Friedrich-Ebert-Damm 129, Hamburg, DEU, 22047
Website
https://www.jungheinrich.com
Jungheinrich is Europe's second-largest forklift manufacturer with a niche carved out in the retail and wholesale segment, including a stronghold in supermarkets. The company was founded in 1953 by Friedrich Jungheinrich, and control of Jungheinrich remains in his descendants' hands through special voting shares. Globally, Jungheinrich ranks number four behind Toyota and Kion Group, but nearly 90% of its sales comes from Europe, which still accounts for more than 30% of global forklift industry production.

Jungheinrich AG (Jungheinrich AG) Headlines