Leoni AG (WBO:LEO) Momentum Rank : 1 (As of May. 12, 2024)

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What is Leoni AG Momentum Rank?

Leoni AG 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 Leoni AG's Momentum Rank

For the Electrical Equipment & Parts subindustry, Leoni 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.

Leoni AG's Momentum Rank Distribution in the Industrial Products Industry

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

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

Leoni AG Momentum Rank Related Terms

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Leoni AG (WBO:LEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Leoni AG (WBO:LEO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Marienstrasse 7, Nuremberg, DEU, D-90402

Website

https://www.leoni.com

Leoni AG is a manufacturer of wiring systems used in the automotive, healthcare, communications, and infrastructure industries. The company operates two business segments: wiring systems and wire & cable solutions, which offer entire wiring systems and harnesses, as well as various copper, hybrid, and optical cables and fibers. Its customers include carmakers, automotive suppliers, commercial vehicle manufacturers, the agricultural and special vehicles industry, and makers of power sports vehicles. Leoni generates the largest share of its revenue in Europe, with a focus on Germany and Eastern Europe. The company also has end markets in the Americas and Asia.

Leoni AG (WBO:LEO) Headlines

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