Chamberlin (LSE:CMH) Momentum Rank : 0 (As of May. 17, 2024)

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What is Chamberlin Momentum Rank?

Chamberlin 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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Chamberlin (LSE:CMH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chamberlin PLC (LSE:CMH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chuckery Road, Walsall, West Midlands, GBR, WS1 2DU

Website

https://www.chamberlin.co.uk

Chamberlin PLC is engaged in the production and sale of iron castings and light engineering products. The company has organized its business into two operating segments; the Foundries segment and the Engineering segment. The business activities that it carries out through its segments include supplying iron castings in the raw or machined form to a variety of industrial customers and provide manufactured and imported products such as emergency exit doors, and hazardous area lighting systems to distributors and end-users in the safety and security markets.

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