Air Industries Group (FRA:YH1) Momentum Rank : 3 (As of Jun. 06, 2024)

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What is Air Industries Group Momentum Rank?

Air Industries Group has the Momentum Rank of 3.

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 Air Industries Group's Momentum Rank

For the Aerospace & Defense subindustry, Air Industries Group'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.

Air Industries Group's Momentum Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Air Industries Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Air Industries Group's Momentum Rank falls into.

Air Industries Group Momentum Rank Related Terms

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Air Industries Group (FRA:YH1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Air Industries Group (FRA:YH1) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AIRI:USA YH1:Germany

Address

1460 Fifth Avenue, Bay Shore, New York, NY, USA, 11706

Website

https://www.airindustriesgroup.com

Air Industries Group is an aerospace and defense company. Its manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. The company also provides sheet metal fabrication of aerostructures, tube bending, and welding services. It reports into two segments namely Complex Machining, and Turbine Engine Components.

Air Industries Group (FRA:YH1) Headlines

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