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ArcelorMittal Kryviy Rih PJSC (UKEX:KSTL) Momentum Rank : 0 (As of Jun. 21, 2024)


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What is ArcelorMittal Kryviy Rih PJSC Momentum Rank?

ArcelorMittal Kryviy Rih PJSC has the Momentum Rank of 0.

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.

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ArcelorMittal Kryviy Rih PJSC (UKEX:KSTL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal Kryviy Rih PJSC (UKEX:KSTL) » Definitions » Momentum Rank
Comparable Companies
JSE:RBP BOM:533286 BOM:513377 TSE:5727 ASX:ZIM PHS:AB TSX:NXE SZSE:002149 TSX:OSK SZSE:000762 MEX:MFRISCOA-1 TSX:PDL ASX:OMH PHS:NIKL SZSE:002428 TSE:5726 SHSE:600961 SHSE:600408 SZSE:002738 MUX
Traded in Other Exchanges
N/A
Address
Street Ordzhonikidze, 1, Krivoy Rog, Dnipropetrovsk, UKR, 50095
Website
http://www.arcelormittal.com.ua
ArcelorMittal Kryviy Rih PJSC is engaged in two business segments: mining and steel. The mining segment includes divisions of the Company engaged in the extraction and processing of iron ore raw materials, namely: mine management of underground ore mining and mining and processing complex. The steel segment includes the Company's divisions related to the production of steel products, namely coke and steel production. The main products of the steel are steel billets, fittings, wire rod, and others.

ArcelorMittal Kryviy Rih PJSC (UKEX:KSTL) Headlines

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