AQ Group AB (LTS:0RLO) Momentum Rank : 6 (As of Jun. 20, 2024)

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What is AQ Group AB Momentum Rank?

AQ Group AB 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 AQ Group AB's Momentum Rank

For the Electrical Equipment & Parts subindustry, AQ Group AB'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.

AQ Group AB's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AQ Group AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where AQ Group AB's Momentum Rank falls into.

AQ Group AB Momentum Rank Related Terms

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AQ Group AB (LTS:0RLO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AQ Group AB (LTS:0RLO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AQ:Sweden

Address

Regattagatan 29, Vasteras, SWE, 723 48

Website

https://www.aqg.se

AQ Group AB is a supplier of manufacturing and assembling tool-bound sheet metal and thermoplastic parts to demanding industrial customers. The company's business consists of the System and Component segments. The System segment includes Electric Cabinets and System Products business areas. The Component segment encompasses business areas of Precision stamping and Injection Molding, Inductive Components, Wiring Systems, Sheet Metal Processing as well as Special Technologies and Engineering. Majority of the revenue is derived from Component segment. It operates around the globe with majority revenue from Sweden.

AQ Group AB (LTS:0RLO) Headlines

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