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Rapac Communication & Infrastructure (XTAE:RPAC) Momentum Rank : 0 (As of Sep. 22, 2024)


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What is Rapac Communication & Infrastructure Momentum Rank?

Rapac Communication & Infrastructure 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.

Rapac Communication & Infrastructure Momentum Rank Related Terms

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Rapac Communication & Infrastructure Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rapac Communication & Infrastructure Ltd (XTAE:RPAC) » Definitions » Momentum Rank
Comparable Companies
XTAE:CMER XTAE:MCRNT XTAE:AUDC CSCO MSI SHSE:601138 HPE OHEL:NOKIA SZSE:000063 SHSE:688036 OSTO:ERIC B ZBRA TPE:2345 SHSE:600745 JNPR UI CIEN SZSE:300628 SZSE:000733 SZSE:300454
Traded in Other Exchanges
N/A
Address
Intergamma building, Indastrial Park, P.O.B. 3805, Kfar Neter, ISR, 4059300
Website
http://www.rapac.co.il
Rapac Communication & Infrastructure Ltd manufactures telecommunication equipments. It provides equipments for broadcast applications. It also works in the domain of data communication, voice communication & multimedia through its subsidiaries. It focuses on telecom, government and energy and infrastructure in Israel.

Rapac Communication & Infrastructure Headlines

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