Severstal PAO (MIC:CHMF) Momentum Rank : 0 (As of May. 01, 2024)

View and export this data going back to 2005. Start your Free Trial

What is Severstal PAO Momentum Rank?

Severstal PAO 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.

Severstal PAO Momentum Rank Related Terms

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

Severstal PAO (MIC:CHMF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Severstal PAO (MIC:CHMF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Klary Tsetkin Street, 2, Moscow, RUS, 127299

Website

https://www.severstal.com

Severstal PAO is a vertically integrated steel and mining company in Russia. The company has two operating divisions: Severstal Resources and Severstal Russian Steel. Its core asset is the Cherepovets steel mill, which is located within easy access of the company's mining operations, the Baltic ports, and Russia's industrial heartland. The company produces iron ore pellets, iron ore concentrates, crushed stones, ferrite strontium powder, coking & steam coal, and coking coal concentrate. These materials are provided to six industry categories: construction and service processing, tube and pipe, oil and gas, machinery, autos, and others. Construction and service processing accounts for a majority of sales. Severstal generates most of its revenue in Russia.

Severstal PAO (MIC:CHMF) Headlines

No Headlines