PowerCell Sweden AB (PowerCell Sweden AB) Momentum Rank : 2 (As of May. 04, 2024)

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What is PowerCell Sweden AB Momentum Rank?

PowerCell Sweden AB has the Momentum Rank of 2.

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 PowerCell Sweden AB's Momentum Rank

For the Electrical Equipment & Parts subindustry, PowerCell Sweden 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.

PowerCell Sweden AB's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where PowerCell Sweden AB's Momentum Rank falls into.

PowerCell Sweden AB Momentum Rank Related Terms

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PowerCell Sweden AB (PowerCell Sweden AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PowerCell Sweden AB (OTCPK:PCELF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PCELL:Sweden 0G9R:UK 27W:Germany 27W:Germany 27W:Germany

Address

Ruskvadersgatan 12, Gothenburg, SWE, SE-418 34

Website

https://powercellgroup.com

PowerCell Sweden AB is a Sweden-based company active in the field of clean energy. It develops, manufactures, and produces environment-friendly electrical power systems for stationary, marine, off-road, and on-road segments. The company has developed a system of fuel cell platforms that are powered by pure or reformed hydrogen gas and generate electricity and heat without releasing any emissions other than water. Its technology combines high efficiency with a compact format and contributes to increased energy efficiency as well as a significant reduction in emissions of carbon dioxide and harmful particles regardless of application.