Raubex Group (JSE:RBX) Momentum Rank : 10 (As of Apr. 11, 2025)

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What is Raubex Group Momentum Rank?

Raubex Group has the Momentum Rank of 10.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Raubex Group's Momentum Rank

For the Engineering & Construction subindustry, Raubex Group'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.

Raubex Group's Momentum Rank Distribution in the Construction Industry

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

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

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Raubex Group Momentum Rank Related Terms

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Raubex Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Raubex Group Ltd (JSE:RBX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

B7P:Germany

Address

Kenneth Kaunda Road Extension, Noordstad, Cleveley, Bloemfontein, FS, ZAF, 9300

Website

https://www.raubex.com

Raubex Group Ltd is a South African infrastructure development and construction materials supply group. It operates across South Africa as well as throughout southern Africa. The Company operates in four key segments which include Materials Handling and Mining (contract crushing, mining services, resource ownership), Construction Materials (aggregates, asphalt, bituminous products), Roads and Earthworks (road construction, surfacing, rehabilitation), and Infrastructure (renewable energy, facilities management, telecommunications, housing, commercial construction). Each segment is vital to the Group's diverse operations in mining, construction materials, infrastructure, and related services. It makes the majority of its revenue from Roads and Earthworks segment.

Raubex Group Headlines

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