Eucatex Industria e Comercio (BSP:EUCA3) Momentum Rank : 9 (As of Apr. 27, 2024)

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What is Eucatex Industria e Comercio Momentum Rank?

Eucatex Industria e Comercio has the Momentum Rank of 9.

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.

Competitive Comparison of Eucatex Industria e Comercio's Momentum Rank

For the Building Products & Equipment subindustry, Eucatex Industria e Comercio's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eucatex Industria e Comercio's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Eucatex Industria e Comercio's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Eucatex Industria e Comercio's Momentum Rank falls into.

Eucatex Industria e Comercio Momentum Rank Related Terms

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Eucatex Industria e Comercio (BSP:EUCA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Eucatex SA Industria e Comercio (BSP:EUCA3) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

EUCA4:Brazil

Address

Tower I and II, 11th Floor, Juscelino - Avenida, Presidente Juscelino, Kubitsche, São Paulo, SP, BRA, 4543900

Website

http://www.eucatex.com.br

Eucatex SA Industria e Comercio manufactures laminated flooring, wall partitions, doors, panels, fiberboard, and paints and varnishes. The company provides laminate and vinyl flooring products, baseboards, paints and varnishes, wall partitions, doors, MDF and MDP panels, hardboards, high-density fiberboards, and T-HDF products.

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