Centrotec SE (LTS:0DYD) Momentum Rank : 7 (As of Jun. 25, 2024)

View and export this data going back to 2008. Start your Free Trial

What is Centrotec SE Momentum Rank?

Centrotec SE has the Momentum Rank of 7.

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 Centrotec SE's Momentum Rank

For the Building Products & Equipment subindustry, Centrotec SE'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.

Centrotec SE's Momentum Rank Distribution in the Construction Industry

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

* The bar in red indicates where Centrotec SE's Momentum Rank falls into.

Centrotec SE Momentum Rank Related Terms

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

Centrotec SE (LTS:0DYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Centrotec SE (LTS:0DYD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CEV:Germany

Address

Am Patbergschen Dorn 9, Brilon, DEU, D-59929

Website

http://www.centrotec.de

Centrotec SE is a supplier of heating and climate control technology for buildings. The company organized into three main segments: Climate Systems, Gas Flue Systems, and Medical Technology and Engineering Plastics of which Climate Systems contributes the vast majority of its total revenue. The product range consists of mainly system solutions for the areas of heating, ventilation and climate control technology, as well as solar thermal, heat technology, and co-generation. Climate Systems focuses on active equipment and complete systems, while the Gas Flue Systems segment concentrates on accessories. Its Medical Technology and Engineering Plastics segment develops, produces and sells medical technology solutions.

Centrotec SE (LTS:0DYD) Headlines

No Headlines