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Hannibal Lease (XTUN:HL) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Hannibal Lease Momentum Rank?

Hannibal Lease 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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Hannibal Lease (XTUN:HL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hannibal Lease SA (XTUN:HL) » Definitions » Momentum Rank
Comparable Companies
BOM:532836 BOM:526859 BOM:524628 EACR NSE:CROWN TSXV:NIR SGX:40U WAR:4MB ASX:CL8 BKK:PE TSXV:ZDC ASX:FEI JSE:EXG TSE:4669 COL:CLND.N0000 ACY SGX:5PO IST:UFUK XPAR:ALADA WAR:HRS
Traded in Other Exchanges
N/A
Address
Rue du Lac Malaren, Imm. Triki - Banks of Lake, Tunis, TUN, 1053
Website
http://www.hannibalease.com
Hannibal Lease SA is a Tunisia-based company, engaged in providing leasing services to professions, one-person enterprises, and large groups. It proposes the financing of various operating assets which include Passenger vehicles and commercial vehicles; heavy goods transport vehicles, construction machinery, industrial equipment, medical equipment, and other tools for professional use. Geographically the activities are carried out through the region of Tunisia.