Infrastrutture Wireless Italiane SpA (MIL:INW) Momentum Rank : 2 (As of May. 09, 2024)

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What is Infrastrutture Wireless Italiane SpA Momentum Rank?

Infrastrutture Wireless Italiane 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 Infrastrutture Wireless Italiane SpA's Momentum Rank

For the Real Estate Services subindustry, Infrastrutture Wireless Italiane 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.

Infrastrutture Wireless Italiane SpA's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Infrastrutture Wireless Italiane SpA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Infrastrutture Wireless Italiane SpA's Momentum Rank falls into.

Infrastrutture Wireless Italiane SpA Momentum Rank Related Terms

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Infrastrutture Wireless Italiane SpA (MIL:INW) Business Description

Industry

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Traded in Other Exchanges

IFSUF:USA INWm:UK 0R8S:UK WI8:Germany

Address

Via Gaetano Negri, 1, Milan, ITA, 20121

Website

https://www.inwit.it

Inwit is an Italian wireless tower company born from the spinoff of Telecom Italia's tower assets in 2015. In 2020, Inwit merged its tower assets with those of Vodafone Italia, creating a tower leader in the Italian market with a high-quality portfolio derived from the networks created by Telecom Italia and Vodafone over the past two decades. Inwit owns 23,000 towers, having the highest tenancy ratio and EBITDA margin among the European tower firms. Cellnex is Inwit's main competitor in Italy, owning a similar number of towers.

Infrastrutture Wireless Italiane SpA (MIL:INW) Headlines

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