Constellium SE (Constellium SE) Momentum Rank : 10 (As of Apr. 27, 2024)

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What is Constellium SE Momentum Rank?

Constellium SE 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.

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Competitive Comparison of Constellium SE's Momentum Rank

For the Aluminum subindustry, Constellium SE'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.

Constellium SE's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Constellium SE's Momentum Rank distribution charts can be found below:

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

Constellium SE Momentum Rank Related Terms

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Constellium SE (Constellium SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Constellium SE (NYSE:CSTM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

3OK:Germany 3OK:Germany

Address

40-44 rue Washington, Washington Plaza, Paris, FRA, 75008

Website

https://www.constellium.com

Constellium SE is engaged in the design and manufacture of rolled and extruded aluminium products, serving the packaging, aerospace, automotive, defense and other transportation and industry end-markets. The business is organized into three operating segments: i) Packaging and Automotive Rolled Products segment includes the production of rolled aluminium products in European and North American facilities. ii) Aerospace and Transportation segment includes the production of rolled aluminium products and very limited volumes of extruded products in European and North American facilities. iii) Automotive Structures and Industry segment includes the production of extruded aluminium products and aluminium structural components.