GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strip Tinning Holdings PLC (LSE:STG) » Definitions » Momentum Rank

Strip Tinning Holdings (LSE:STG) Momentum Rank : 0 (As of May. 24, 2024)


View and export this data going back to 2022. Start your Free Trial

What is Strip Tinning Holdings Momentum Rank?

Strip Tinning Holdings 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.

Strip Tinning Holdings Momentum Rank Related Terms

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

Strip Tinning Holdings (LSE:STG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strip Tinning Holdings PLC (LSE:STG) » Definitions » Momentum Rank
Comparable Companies
LSE:AUTG LSE:CAR LSE:TRT LSE:SED TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG XTER:CON SHSE:600660 LKQ SHSE:601689 TSE:7259 SZSE:002920 BWA XTER:HLE
Traded in Other Exchanges
N/A
Address
Arden Road, Arden Business Park, Frankley, Birmingham, West Midlands, GBR, B45 0JA
Website
https://www.striptinning.com
Strip Tinning Holdings PLC manufactures specialist flexible electrical connectors related primarily to heating and antennae systems embedded within automotive glazing and to the connection of the cells within electric vehicle battery packs, increasingly using flexible and lightweight printed circuit technology that also has growing applications elsewhere within vehicles. The group consists of two business lines: Glazing and EV.