Ekopak NV (XBRU:EKOP) Momentum Rank : 10 (As of May. 16, 2024)

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What is Ekopak NV Momentum Rank?

Ekopak NV has the Momentum Rank of 10.

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 Ekopak NV's Momentum Rank

For the Utilities - Regulated Water subindustry, Ekopak NV'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.

Ekopak NV's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ekopak NV's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ekopak NV's Momentum Rank falls into.

Ekopak NV Momentum Rank Related Terms

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Ekopak NV (XBRU:EKOP) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

7XZ:Germany

Address

Careelstraat 13, Tielt, BEL, 8700

Website

https://www.ekopak.be

Ekopak NV is an environmental, social and governance driven off-grid water solution company. Its solutions allow industrial customers to reduce their water consumption, in a sustainable, reliable and cost-effective manner. Ekopak focuses on optimizing customer water use through containerized water purification units that transform off-grid water sources such as rain, surface and wastewater into cleaner water that can be used and reused in the customer's industrial processes.

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