Mikron Holding AG (XSWX:MIKN) Momentum Rank : 6 (As of May. 07, 2024)

View and export this data going back to 1996. Start your Free Trial

What is Mikron Holding AG Momentum Rank?

Mikron Holding AG has the Momentum Rank of 6.

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 Mikron Holding AG's Momentum Rank

For the Specialty Industrial Machinery subindustry, Mikron Holding 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.

Mikron Holding AG's Momentum Rank Distribution in the Industrial Products Industry

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

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

Mikron Holding AG Momentum Rank Related Terms

Thank you for viewing the detailed overview of Mikron Holding AG's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Mikron Holding AG (XSWX:MIKN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mikron Holding AG (XSWX:MIKN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MIKNz:UK

Address

Muhlebrucke 2, Biel, CHE, CH-2502

Website

https://www.mikron.com

Mikron Holding AG operates in automation and machining systems that enable extremely precise and productive manufacturing processes. The group engages in the automotive, pharmaceutical, medtech, consumer goods, and watchmaking industries. The business activities are operated through Mikron Machining Solutions and Mikron Automation segments. The Mikron Machining Solutions segment offers customized machining solutions for the manufacturing of complex high-precision components made of metal, such as turbocharger housings, injection nozzles, and ballpoint pen tips. The Mikron Automation segment is a key revenue driver, and manufactures customized automation solutions for the assembly and testing of products.

Mikron Holding AG (XSWX:MIKN) Headlines

No Headlines