Ediliziacrobatica SpA (MIL:EDAC) Momentum Rank : 2 (As of Jun. 02, 2024)

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What is Ediliziacrobatica SpA Momentum Rank?

Ediliziacrobatica SpA has the Momentum Rank of 2.

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 Ediliziacrobatica SpA's Momentum Rank

For the Specialty Business Services subindustry, Ediliziacrobatica SpA'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.

Ediliziacrobatica SpA's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ediliziacrobatica SpA's Momentum Rank distribution charts can be found below:

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

Ediliziacrobatica SpA Momentum Rank Related Terms

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Ediliziacrobatica SpA (MIL:EDAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ediliziacrobatica SpA (MIL:EDAC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ALEAC:France

Address

Via Turati 29, Milan, ITA, 20121

Website

https://ediliziacrobatica.com

Ediliziacrobatica SpA is the leading company in the construction sector for rope or rope work. It carries out operations without the use of scaffolding or aerial platforms using the innovative and cutting-edge technique of the double safety rope that allows the customer quality services with excellent standards and significant cost reduction. The company offers renovation, restoration, cleaning, installation and maintenance interventions services.

Ediliziacrobatica SpA (MIL:EDAC) Headlines

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