Jacquet Metals (XPAR:JCQ) Momentum Rank : 7 (As of Jun. 01, 2024)

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What is Jacquet Metals Momentum Rank?

Jacquet Metals 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 Jacquet Metals's Momentum Rank

For the Steel subindustry, Jacquet Metals'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.

Jacquet Metals's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jacquet Metals's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jacquet Metals's Momentum Rank falls into.

Jacquet Metals Momentum Rank Related Terms

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Jacquet Metals (XPAR:JCQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jacquet Metals (XPAR:JCQ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0IN3:UK I43:Germany

Address

7, rue Michel Jacquet, Saint-Priest, FRA, 69802

Website

http://www.jacquetmetals.com

Jacquet Metals is engaged in the business of distributing special steels in China and North America. The product lines consist of Jacquet, which involves Quarto stainless steel sheets and nickel alloys; Stappert, consists of long products in stainless steels and IMS Group, which consists of carbon steels, alloys, stainless steels for mechanics and tool steels. The products are used in agro-food, energy, chemicals and petrochemicals, paper industry, mines and quarries, public works, steel, shipbuilding, agricultural equipment, general mechanics, recycling, desalination of seawater for agriculture, wastewater treatment purposes.

Jacquet Metals (XPAR:JCQ) Headlines

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