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Lesico (XTAE:LSCO) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Lesico Momentum Rank?

Lesico 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.

Lesico Momentum Rank Related Terms

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Lesico (XTAE:LSCO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lesico Ltd (XTAE:LSCO) » Definitions » Momentum Rank
Comparable Companies
XTAE:CNGL XTAE:LUDN XTAE:BRAN XTAE:YAAC XTAE:ORON XTAE:ELMR XTAE:LUZN XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XKRX:028260 XPAR:EN SHSE:601669 HKSE:03996
Traded in Other Exchanges
N/A
Address
Jerusalem Boulevard 152, Holon, ISR, 5882752
Website
http://www.lesico.com
Lesico Ltd along with its subsidiaries specializes in infrastructure projects. It develops, plans finance, builds and maintains projects in the areas of energy, environment, railways, food industry and maintenance of broad-flow pipeline systems. Its operating segments includes the construction segment and the maintenance segment. It operates in the areas like civil engineering infrastructure, railway infrastructure, pipeline and energy infrastructures, clean piping infrastructure, and environmental infrastructure.

Lesico (XTAE:LSCO) Headlines

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