Capral (ASX:CAA) Momentum Rank : 9 (As of May. 10, 2024)

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What is Capral Momentum Rank?

Capral 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 Capral's Momentum Rank

For the Aluminum subindustry, Capral'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.

Capral's Momentum Rank Distribution in the Metals & Mining Industry

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

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

Capral Momentum Rank Related Terms

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

Capral (ASX:CAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Capral Ltd (ASX:CAA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CBZ:Germany

Address

71 Ashburn Road, Bundamba, QLD, AUS, 4304

Website

https://www.capral.com.au

Capral Ltd manufacturers and distributors of aluminum profiles. It distributes those manufactured products in addition to a small amount of bought-in products through two distribution channels. It supplies to three market segments namely Residential, Commercial, and Industrial markets through each of its distribution channels. It operates in one geographical area, Australia. Its products include doors, showers, wardrobes, security products, internal fit-outs, other commercial building-related products, aluminum extrusions, and rolled products.

Capral (ASX:CAA) Headlines

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