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Elektrotsink PJSC (MIC:ELTZ) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Elektrotsink PJSC Momentum Rank?

Elektrotsink PJSC 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.

Elektrotsink PJSC Momentum Rank Related Terms

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Elektrotsink PJSC (MIC:ELTZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elektrotsink PJSC (MIC:ELTZ) » Definitions » Momentum Rank
Comparable Companies
MIC:VGSB MIC:STSB MIC:MRSB MIC:TORS MIC:TUZA MIC:GEMA MIC:NKSH MIC:RTGZ MIC:ROST MIC:KUZB ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
N/A
Address
Factory 1, Republic North Ossetia-Alania, Vladikavkaz, RUS, 362001
Website
http://www.electrozink.ugmk.com
Elektrotsink PJSC is a non-ferrous metallurgy enterprise in the Russian Federation. The projects and investments of the company include Lead production, Oxygen station, Dust processing workshop, New electrolysis room, Electrolyte Air Cooling Tower, Plant water supply and Reconstruction of the RCC.

Elektrotsink PJSC (MIC:ELTZ) Headlines

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