Reko International Group (TSXV:REKO) Momentum Rank : 2 (As of May. 22, 2024)

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What is Reko International Group Momentum Rank?

Reko International Group 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 Reko International Group's Momentum Rank

For the Specialty Industrial Machinery subindustry, Reko International Group'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.

Reko International Group's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Reko International Group's Momentum Rank falls into.

Reko International Group Momentum Rank Related Terms

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Reko International Group (TSXV:REKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Reko International Group Inc (TSXV:REKO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RKIGF:USA

Address

469 Silver Creek Industrial Drive, Lakeshore, ON, CAN, N8N 4W2

Website

https://www.rekointl.com

Reko International Group Inc is a Canada-based company engaged in the activities of robotic factory automation solutions, precision machining of large, critical parts, and plastic injection, and low compression acoustic tooling. The business divisions of the group are Automation, design and build, Tool and mold manufacturing, and Precision Machining. It supplies factory automation services in Canada. The company also provides machining, tooling, and engineering services. Precision machining relates to precision, custom machining of castings, and assemblies. Its geographical segments include Canada, which is the key revenue driver; and the United States.

Executives

Lauren Beaudoin

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Reko International Group (TSXV:REKO) Headlines

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