MGI Digital Graphic Technology (XPAR:ALMDG) Momentum Rank : 5 (As of May. 25, 2024)

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What is MGI Digital Graphic Technology Momentum Rank?

MGI Digital Graphic Technology 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 MGI Digital Graphic Technology's Momentum Rank

For the Computer Hardware subindustry, MGI Digital Graphic Technology'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.

MGI Digital Graphic Technology's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MGI Digital Graphic Technology's Momentum Rank distribution charts can be found below:

* The bar in red indicates where MGI Digital Graphic Technology's Momentum Rank falls into.

MGI Digital Graphic Technology Momentum Rank Related Terms

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MGI Digital Graphic Technology (XPAR:ALMDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MGI Digital Graphic Technology SA (XPAR:ALMDG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

2EI:Germany

Address

4, rue de la Meridienn, Fresnes, FRA, 94260

Website

http://www.mgi-fr.com

MGI Digital Graphic Technology SA is a France-based company engaged in designing, manufacturing, and selling digital printing and finishing equipment for the graphics industry. The company offers digital printing and finishing equipment in the areas of inkjet technology, digital printing, spot UV coating, embossed hot foiling, adhesive labels, digital finishing, plastic card production, envelope solutions, and turnkey paper solutions.

MGI Digital Graphic Technology (XPAR:ALMDG) Headlines

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