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Impol Seval a.d (XBEL:IMPL) Momentum Rank : 0 (As of Jun. 13, 2024)


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What is Impol Seval a.d Momentum Rank?

Impol Seval a.d 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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Impol Seval a.d (XBEL:IMPL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Impol Seval a.d (XBEL:IMPL) » Definitions » Momentum Rank
Comparable Companies
XBEL:DNREM XBEL:JESV XBEL:MTLC XBEL:AMSO XBEL:KOPB SHSE:601600 NSE:HINDALCO OSL:NHY HKSE:01378 XKLS:8869 BUE:ALUA SZSE:000807 MIC:RUAL SHSE:600219 AA BAH:ALBH SZSE:002532 SHSE:600361 MIC:ENPG CSTM
Traded in Other Exchanges
N/A
Address
Prvomajska bb, Sevojno, SRB, 31205
Website
http://www.impol.rs
Impol Seval a.d is engaged in the processing of aluminum. Its products include colored strips and sheets, painted taps, cold and hot rolled strips, hot rolled boards, sheets, and logs. The company products are used in the car, pharmaceutical, food, transport, interior design, electrical and construction industry. It exports its products to Germany, Italy, the USA, Hungary, the Netherlands, the countries of Latin America, France and Austria.

Impol Seval a.d (XBEL:IMPL) Headlines

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