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Compagnie Internationale de Leasing (XTUN:CIL) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is Compagnie Internationale de Leasing Momentum Rank?

Compagnie Internationale de Leasing 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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Compagnie Internationale de Leasing (XTUN:CIL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Compagnie Internationale de Leasing SA (XTUN:CIL) » Definitions » Momentum Rank
Comparable Companies
BOM:526859 NSE:CROWN BKK:PE TSXV:NIR KAR:ORM ASX:CL8 SGX:40U ASX:P2P WAR:4MB IST:UFUK ISX:BPTR WAR:NXB ACY TSE:4669 WAR:HRS SGX:5PO ASX:SIV COL:CLND.N0000 TSXV:SFI ASX:TGA
Traded in Other Exchanges
N/A
Address
16 Avenue Jean Jaurès, Tunis, TUN, 1001
Website
Compagnie Internationale de Leasing SA is a leasing company. The Company is engaged in leasing goods for industrial and professional use.

Compagnie Internationale de Leasing (XTUN:CIL) Headlines