ELQ Spolka Akcyjna (WAR:ELQ) Momentum Rank : 6 (As of May. 22, 2024)

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What is ELQ Spolka Akcyjna Momentum Rank?

ELQ Spolka Akcyjna has the Momentum Rank of 6.

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 ELQ Spolka Akcyjna's Momentum Rank

For the Electrical Equipment & Parts subindustry, ELQ Spolka Akcyjna'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.

ELQ Spolka Akcyjna's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ELQ Spolka Akcyjna's Momentum Rank distribution charts can be found below:

* The bar in red indicates where ELQ Spolka Akcyjna's Momentum Rank falls into.

ELQ Spolka Akcyjna Momentum Rank Related Terms

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ELQ Spolka Akcyjna (WAR:ELQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ELQ Spolka Akcyjna (WAR:ELQ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

7DP:Germany

Address

ulica Jagiellonska 81/83, Czestochowa, POL, 42-200

Website

http://www.el-q.com.pl

ELQ Spolka Akcyjna manufactures prefabricated transformer stations MV / LV Cabinet of concrete and metal. The company supplies, installs and commissions power devices in the area of the secondary distribution of electricity. Its products include SN switchboard Ma20, ELQUSIM station 20/630 Mkb, SOLAR station IG 20/1000, station SOLAR IP 20/630 and station 20/250.

ELQ Spolka Akcyjna (WAR:ELQ) Headlines

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