GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sixt SE (MIL:1SIX) » Definitions » Momentum Rank

Sixt SE (MIL:1SIX) Momentum Rank : 0 (As of Jun. 10, 2024)


View and export this data going back to 2023. Start your Free Trial

What is Sixt SE Momentum Rank?

Sixt SE has the Momentum Rank of 0.

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.

Sixt SE Momentum Rank Related Terms

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

Sixt SE (MIL:1SIX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sixt SE (MIL:1SIX) » Definitions » Momentum Rank
Comparable Companies
FRA:LNSX URI LSE:AHT AER UHAL BSP:RENT3 FTAI WSC TSX:EFN XPAR:ALD AL R HKSE:02588 GATX TSE:8439 HRI CAR HKSE:01606 MGRC TSE:8424
Traded in Other Exchanges
SIXGF:USA SIX2d:UK 0NW8:UK 0NW7:UK SIX2:Germany
Address
Zugspitzstrasse 1, Pullach, BY, DEU, 82049
Website
https://www.sixt.com
Sixt SE provides automotive rental services mainly across Europe and the US. The company offers rental solutions from passenger vehicles, including sports utilities vehicles, electric vehicles, and luxury sports cars to vans and trucks. With its products SIXT rent, SIXT share, SIXT ride, and others, the company offers mobility services in the areas of car rental, car sharing, ride services, and car subscriptions. These products can be booked via a single app that also integrates the services of mobility partners.

Sixt SE (MIL:1SIX) Headlines

No Headlines