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Prysmian SpA (Prysmian SpA) Momentum Rank : 9 (As of Apr. 29, 2024)


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What is Prysmian SpA Momentum Rank?

Prysmian SpA 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 Prysmian SpA's Momentum Rank

For the Electrical Equipment & Parts subindustry, Prysmian SpA'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.

Prysmian SpA's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Prysmian SpA's Momentum Rank distribution charts can be found below:

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


Prysmian SpA Momentum Rank Related Terms

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Prysmian SpA (Prysmian SpA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Prysmian SpA (OTCPK:PRYMY) » Definitions » Momentum Rank
Comparable Companies
MIL:CMB MIL:ENY MIL:IRC MIL:ATON SZSE:300750 XSWX:ABBN TSE:6503 VRT XPAR:LR BKK:DELTA SZSE:300124 SZSE:300274 HUBB XKRX:247540 SHSE:603195 NVT SZSE:300014 BOM:517354 TSE:6506 SHSE:600089
Traded in Other Exchanges
PRYMF:USA PRY:Italy PRYm:UK 0NUX:UK AEU:Germany PRY:Austria
Address
Via Chiese 6, MIlan, ITA, 20126
Website
https://www.prysmiangroup.com
Prysmian SpA is an Italian manufacturer of electric power transmission and telecommunications cables and systems. Its business is organized in three segments--Projects, which focuses on the execution of underground and submarine cable projects; Energy Products, which provides power distribution, and industrial and network components; and Telecom, which makes cable systems and connectivity products. More than half of the firm's revenue is generated in the Europe, Middle East, and Africa regions, with the rest coming from North America, Latin America, and Asia-Pacific regions.