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Fraport AG (WBO:FRA) Momentum Rank : 7 (As of Apr. 26, 2024)


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What is Fraport AG Momentum Rank?

Fraport AG has the Momentum Rank of 7.

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 Fraport AG's Momentum Rank

For the Airports & Air Services subindustry, Fraport AG'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.

Fraport AG's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Fraport AG's Momentum Rank distribution charts can be found below:

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


Fraport AG Momentum Rank Related Terms

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Fraport AG (WBO:FRA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fraport AG (WBO:FRA) » Definitions » Momentum Rank
Comparable Companies
XTER:MUV2 XTER:TLX XTER:NBG6 XTER:VVV3 XTER:WUW XMAD:AENA BKK:AOT XPAR:ADP SHSE:600009 ASURB GAPB HSTC:ACV NZSE:AIA XSWX:FHZN OCSE:KBHL BOM:532754 KUW:AGLTY WBO:FLU CAAP JOBY
Traded in Other Exchanges
FPRUY:USA FPRUF:USA 1FRA:Italy FRAd:UK 0O1R:UK FRA:Germany
Address
Frankfurt Airport Services Worldwide, Frankfurt am Main, HE, DEU, 60547
Website
https://www.fraport.com
Fraport AG is a German airport operator. The company derives the majority of income domestically, principally through the operation of the Frankfurt airport. Fraport is organized into four segments: aviation, retail and real estate, ground handling, and International activities and services. Aviation, the largest contributor to revenue, includes terminal management, corporate safety, and airport security management. The retail and real estate segment involves retailing, parking lot operations, and renting areas at its airport sites. The ground handling segment provides ground infrastructure services to Fraport's airports. The International activities and services segment includes IT and telecommunication services, and facility and infrastructure management.