Directa Plus (LSE:DCTA) Momentum Rank : 1 (As of Apr. 26, 2024)

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What is Directa Plus Momentum Rank?

Directa Plus has the Momentum Rank of 1.

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 Directa Plus's Momentum Rank

For the Specialty Chemicals subindustry, Directa Plus'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.

Directa Plus's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Directa Plus's Momentum Rank distribution charts can be found below:

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

Directa Plus Momentum Rank Related Terms

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Directa Plus (LSE:DCTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Directa Plus PLC (LSE:DCTA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DTPKF:USA 88K:Germany

Address

ComoNExT Science Park, Via Cavour 2, Lomazzo, ITA, 22074

Website

https://www.directa-plus.com

Directa Plus PLC is a technology company engaged in the development of manufacturing processes to produce and supply high-quality engineered graphene-based products that can be used for industrial and commercial markets. The product range of the company includes G+ products and operates through the Textile; Environmental; and Others segments.

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