CTT Systems AB (OSTO:CTT) Momentum Rank : 9 (As of May. 14, 2024)

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What is CTT Systems AB Momentum Rank?

CTT Systems AB 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 CTT Systems AB's Momentum Rank

For the Aerospace & Defense subindustry, CTT Systems AB'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.

CTT Systems AB's Momentum Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CTT Systems AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CTT Systems AB's Momentum Rank falls into.

CTT Systems AB Momentum Rank Related Terms

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CTT Systems AB (OSTO:CTT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

0GUO:UK

Address

Brukslagarvagen 5, Box 1042, Nykoping, SWE, 61129

Website

https://www.ctt.se

CTT Systems AB manufacturer and provider of humidity control systems for aircraft. The company offers a Zonal Drying system that prevents condensation within an aircraft during humidification. The company's product line includes various humidifiers. It sells its products to aircraft manufacturers and transportation companies. The group's products, Zonal Drying System and Cair create conditions facilitating improved profitability and flight safety as well as considerably enhanced comfort for passengers and cabin personnel. It supplies these systems to aircraft manufacturers for installation during the production of new aircraft and to airlines for existing aircraft fleets. Geographically company generates the majority of its revenue from Denmark.