TraWell Co SpA (TraWell Co SpA) Momentum Rank : 7 (As of May. 24, 2024)

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What is TraWell Co SpA Momentum Rank?

TraWell Co SpA has the Momentum Rank of 7.

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 TraWell Co SpA's Momentum Rank

For the Security & Protection Services subindustry, TraWell Co SpA'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.

TraWell Co SpA's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, TraWell Co SpA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where TraWell Co SpA's Momentum Rank falls into.

TraWell Co SpA Momentum Rank Related Terms

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TraWell Co SpA (TraWell Co SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » TraWell Co SpA (OTCPK:TRWAF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TWL:Italy

Address

Via Olona 183/G, Gallarate, ITA, 21013

Website

https://www.safe-bag.com

TraWell Co SpA provides baggage security services at airports in Italy, France and Portugal. The Company's baggage protection services are divided into three components including protection due to the ultra-resistant wrap for every type of luggage, tracks and locates the luggage, and refund guaranteed for lost or damaged luggage. It also has a concept store for travelers. It operates in approximately 24 airports.

TraWell Co SpA (TraWell Co SpA) Headlines

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