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Pinewood Technologies Group (LSE:PINE) Momentum Rank : 6 (As of May. 04, 2024)


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What is Pinewood Technologies Group Momentum Rank?

Pinewood Technologies Group has the Momentum Rank of 6.

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 Pinewood Technologies Group's Momentum Rank

For the Auto & Truck Dealerships subindustry, Pinewood Technologies 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.


Pinewood Technologies Group's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Pinewood Technologies Group's Momentum Rank distribution charts can be found below:

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



Pinewood Technologies Group Momentum Rank Related Terms

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Pinewood Technologies Group (LSE:PINE) Business Description

Traded in Other Exchanges
Address
2 Oakwood Court, Little Oak Drive, Loxley House, Annesley, Nottingham, GBR, NG15 0DR
Pendragon PLC sells leases and services used and new vehicles almost exclusively in the United Kingdom. Its operating segments include Car Store, which sells used vehicles; franchised motor, which sells and services vehicles in the U.K.; software, which licenses software to global automotive business users to make dealerships more efficient; and leasing, which provides fleet vehicles, contract hire for cars and vans, and US Motor. Its franchised motor segment generates the most revenue for the company.