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Generale Industrielle De Filtration- Gif Filter (XTUN:GIF) Momentum Rank : 0 (As of Jun. 12, 2024)


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What is Generale Industrielle De Filtration- Gif Filter Momentum Rank?

Generale Industrielle De Filtration- Gif Filter 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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Generale Industrielle De Filtration- Gif Filter (XTUN:GIF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Generale Industrielle De Filtration- Gif Filter SA (XTUN:GIF) » Definitions » Momentum Rank
Comparable Companies
FLES BOM:505711 BOM:523415 BOM:513687 WAR:ALS BOM:513418 ORSE:RAR1R BOM:513059 OMTK BOM:530711 ORSE:DPK1R WAR:PLG BOM:505893 BSP:MWET4 NSE:UWCSL PFTI TSXV:SSA FNHI SGX:GU5 BOM:520141
Traded in Other Exchanges
N/A
Address
Km 35 Gp1, Grombalia, TUN, 8030
Website
http://www.gif.com.tn
Generale Industrielle De Filtration- Gif Filter SA is engaged in the manufacturing of filters for passenger vehicles and utilities and other industrial, and commercial car production. Its product range includes oil filters, fuel filters, and air filters.

Generale Industrielle De Filtration- Gif Filter (XTUN:GIF) Headlines

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