Wartsila (OHEL:WRT1V) Momentum Rank : 6 (As of May. 24, 2024)

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What is Wartsila Momentum Rank?

Wartsila 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 Wartsila's Momentum Rank

For the Specialty Industrial Machinery subindustry, Wartsila'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.

Wartsila's Momentum Rank Distribution in the Industrial Products Industry

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

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

Wartsila Momentum Rank Related Terms

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Wartsila (OHEL:WRT1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wartsila Corp (OHEL:WRT1V) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

WRTBY:USA WRTBF:USA WRT1Vh:UK 0IKJ:UK MTA:Germany

Address

Hiililaiturinkuja 2, Helsinki, FIN, FI-00180

Website

https://www.wartsila.com

Wartsila is a global manufacturer of critical equipment and services for the marine and energy markets with operations in over 70 countries. Approximately one half of the group's sales are derived from the sale of services and spare parts through its network of 258 sales and service network locations. Wartsila is listed on the Nasdaq Helsinki exchange in Finland. Approximately 1 in 3 oceangoing vessels has a Wartsila solution on board, translating into an installed base of over 50,000 vessels and 10,000 customers.

Wartsila (OHEL:WRT1V) Headlines

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