Tegma Gestao Logistica (BSP:TGMA3) Momentum Rank : 10 (As of Apr. 26, 2024)

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What is Tegma Gestao Logistica Momentum Rank?

Tegma Gestao Logistica has the Momentum Rank of 10.

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 Tegma Gestao Logistica's Momentum Rank

For the Trucking subindustry, Tegma Gestao Logistica'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.

Tegma Gestao Logistica's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tegma Gestao Logistica's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tegma Gestao Logistica's Momentum Rank falls into.

Tegma Gestao Logistica Momentum Rank Related Terms

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Tegma Gestao Logistica (BSP:TGMA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tegma Gestao Logistica SA (BSP:TGMA3) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Nicola Demarchi 2000, Bairro Demarchi, Sao Bernardo Do Campo, SP, BRA, 9820-655

Website

http://www.tegma.com.br

Tegma Gestao Logistica SA provides logistics, transportation, and warehouse services in Brazil. The company's operating segments include; Automotive logistics and Integrated logistics. The Automotive Logistics division engages in the transportation of vehicles, as well as management of yard; transfer and distribution of vehicle; storage of vehicles; and provision of pre delivery inspection, and center for automotive/multi-brand services. The Integrated Logistics division provides transportation, storage, inventory management, and similar services. It generates maximum revenue from the Automotive Logistics segment.

Tegma Gestao Logistica (BSP:TGMA3) Headlines

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