Industria De Diseno Textil (WBO:ITX) Momentum Rank : 9 (As of Apr. 26, 2024)

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What is Industria De Diseno Textil Momentum Rank?

Industria De Diseno Textil 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 Industria De Diseno Textil's Momentum Rank

For the Apparel Retail subindustry, Industria De Diseno Textil'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.

Industria De Diseno Textil's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Industria De Diseno Textil's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Industria De Diseno Textil's Momentum Rank falls into.

Industria De Diseno Textil Momentum Rank Related Terms

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Industria De Diseno Textil (WBO:ITX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Industria De Diseno Textil SA (WBO:ITX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IDEXY:USA IDEXF:USA ITX:Mexico ITXe:UK 0QWI:UK ITX:Spain IXD1:Germany

Address

Edificio Inditex, Avenida de la Diputación, Arteixo, ESP, 15142

Website

https://www.inditex.com

Inditex is a multibrand fashion conglomerate, founded in 1985. Zara is its flagship brand (including Zara Home), generating just over 70% of revenue and 75% of profits. Other brands include Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Uterque. The company operates through 5,800-plus stores globally, over 1,800 of them belonging to the Zara brand. Sixty-five percent of revenue is generated in the European home market, while the Americas and Asia contribute 20% and 14%, respectively. The company keeps design in house while mostly outsourcing manufacturing (own manufacturing constitutes only a low-single-digit percentage of output). Over 50% of sourcing factories are in proximity to the company's headquarters in Spain.

Industria De Diseno Textil (WBO:ITX) Headlines

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