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AD Plastik DD (ZAG:ADPL) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is AD Plastik DD Momentum Rank?

AD Plastik DD 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.

AD Plastik DD Momentum Rank Related Terms

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AD Plastik DD (ZAG:ADPL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AD Plastik DD (ZAG:ADPL) » Definitions » Momentum Rank
Comparable Companies
ZAG:SLRS ZAG:LKPC ZAG:CKML ZAG:ULPL ZAG:INGR ZAG:JDPL ZAG:IGH ZAG:ERNT ZAG:LKRI ZAG:LPLH TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
N/A
Address
Matoseva 8, Solin, HRV, 21210
Website
https://www.adplastik.hr
AD Plastik DD is engaged in the manufacturing of plastic components for the automotive industry. The company develops and manufactures interior and exterior car components. Its products include bumper bodies and components, side trims, fuel tank guards, instrument panels, door panels, pillar trims, parcel shelves, sun visors, and other related components. The group operates in the geographical segments of the EU and Serbia and Russia from which it derives the majority of its revenue from the EU and Serbia segment.

AD Plastik DD (ZAG:ADPL) Headlines

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