STRABAG SE (WBO:STR) Momentum Rank : 5 (As of May. 03, 2024)

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What is STRABAG SE Momentum Rank?

STRABAG SE has the Momentum Rank of 5.

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 STRABAG SE's Momentum Rank

For the Engineering & Construction subindustry, STRABAG SE'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.

STRABAG SE's Momentum Rank Distribution in the Construction Industry

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

* The bar in red indicates where STRABAG SE's Momentum Rank falls into.

STRABAG SE Momentum Rank Related Terms

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STRABAG SE (WBO:STR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » STRABAG SE (WBO:STR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

STBBF:USA STRv:UK XD4:Germany

Address

Triglavstrabe 9, Villach, AUT, 9500

Website

https://www.strabag.com

STRABAG SE is a technology group for construction services. Its services contribute to multiple stages of the construction process, from planning to execution and demolition. The company coordinates people, materials, and machinery to complete construction projects in an efficient manner. Strabag has four operating segments: North and west; South and East; International and Special divisions; and Other. It builds large transportation infrastructure, plants, commercial and industrial facilities, and other large structures related to industrial development. Some projects are granted through concessions from regional governments. The company generates revenue in Europe, with Germany and Austria being important regions for the company.