SHLRF (Schindler Holding AG) Momentum Rank : 8 (As of Dec. 15, 2024)

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What is Schindler Holding AG Momentum Rank?

Schindler Holding AG has the Momentum Rank of 8.

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 Schindler Holding AG's Momentum Rank

For the Specialty Industrial Machinery subindustry, Schindler Holding AG'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.

Schindler Holding AG's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Schindler Holding AG's Momentum Rank falls into.

Schindler Holding AG Momentum Rank Related Terms

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Schindler Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Schindler Holding AG (OTCPK:SHLRF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SHLAF:USA SCHP:Mexico SCHNz:UK SCHPz:UK 0QOT:UK 0QO1:UK SCHP:Switzerland SCHN:Switzerland

Address

Seestrasse 55, Hergiswil, CHE, 6052

Website

https://www.schindler.com

Switzerland-based Schindler is a top-four global supplier of elevators and escalators. The business generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing existing installations. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. Ninety percent of its business is in elevators, which are more numerous globally than escalators. Its business model is similar to that of closest competitors Otis, Kone, and TK Elevator.