Actia group (LTS:0OJJ) Momentum Rank : 3 (As of Dec. 11, 2024)

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What is Actia group Momentum Rank?

Actia group has the Momentum Rank of 3.

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 Actia group's Momentum Rank

For the Auto Parts subindustry, Actia 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.

Actia group's Momentum Rank Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Actia group's Momentum Rank falls into.

Actia group Momentum Rank Related Terms

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Actia group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Actia group (LTS:0OJJ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ALATI:France

Address

5, rue Jorge Semprun, Toulouse Cedex 4, FRA, 31432

Website

https://www.actia.com

Actia group is engaged in developing solutions for the electronic management of vehicles. The company designs and manufactures electronics for system management in the Automotive and Telecommunications fields. It serves various markets including Manufacturers, Fleets and after-sales networks of light vehicles and LUV; Bus and Coach manufacturers, Defence equipment in the Aeronautics-Space-Defence sector; and Broadcast, Mobile Telephony, and SATCOM in the Telecommunications operator sector. It operates through two segments: Automotive Division and Telecom Division. The firm generates the majority of revenue from the Automotive Division.

Actia group Headlines

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