SIG (CHIX:SHIL) Momentum Rank : 5 (As of Apr. 28, 2024)

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What is SIG Momentum Rank?

SIG has the Momentum Rank of 5.

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 SIG's Momentum Rank

For the Industrial Distribution subindustry, SIG'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.

SIG's Momentum Rank Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, SIG's Momentum Rank distribution charts can be found below:

* The bar in red indicates where SIG's Momentum Rank falls into.

SIG Momentum Rank Related Terms

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SIG (CHIX:SHIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » SIG PLC (CHIX:SHIl) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SHI:UK QIG:Germany

Address

16 Europa View, Adsetts House, Sheffield Business Park, Sheffield, GBR, S9 1XH

Website

https://www.sigplc.com

SIG PLC is a United Kingdom-based company that distributes specialized building materials. The company operates in two segments: interiors, which supplies insulation and interiors products and solutions to the construction industry; and exteriors, which supplies roofing materials to small and medium-sized construction businesses. The company operates internationally in the United Kingdom, France, Germany, Benelux, Poland, and Ireland.

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