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TGI Infrastructures (XTAE:TGI) Momentum Rank : 0 (As of May. 21, 2024)


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What is TGI Infrastructures Momentum Rank?

TGI Infrastructures 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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TGI Infrastructures (XTAE:TGI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » TGI Infrastructures Ltd (XTAE:TGI) » Definitions » Momentum Rank
Comparable Companies
XTAE:SHNP XTAE:RVL XTAE:FRSX TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON LKQ SHSE:601689 SZSE:002920 TSE:7259 BWA XTER:HLE TSE:5802
Traded in Other Exchanges
N/A
Address
Alon Tavor Industrial Area, POB 2001, Afula, ISR, 1812001
Website
http://www.tadirgan.co.il
TGI Infrastructures Ltd, formerly Tadir-Gan (Precision Products) 1993 Ltd manufactures machined and assembled aluminum high-pressure die cast products. Its product categories include Aluminium and Magnesium products. The company's products include powertrain, transmission, steering, structural products, oil pans, valve covers, transmission parts, and other products.