PJP Makrum (WAR:PJP) Momentum Rank : 9 (As of May. 27, 2024)

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What is PJP Makrum Momentum Rank?

PJP Makrum has the Momentum Rank of 9.

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 PJP Makrum's Momentum Rank

For the Engineering & Construction subindustry, PJP Makrum'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.

PJP Makrum's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, PJP Makrum's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PJP Makrum's Momentum Rank falls into.

PJP Makrum Momentum Rank Related Terms

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PJP Makrum (WAR:PJP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PJP Makrum SA (WAR:PJP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plac Koscieleckich 3, Bydgoszcz, POL, 85-033

Website

http://www.projprzem.com

PJP Makrum SA operates in three areas. The first consists of production of steel structures, for the energy and chemical industries and environmental protection. The second segment focuses on commercial construction (industrial facilities, warehouses and retail space). The third activity is docking solutions.