PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna (WAR:PGV) Momentum Rank : 6 (As of Jun. 08, 2024)

View and export this data going back to 2007. Start your Free Trial

What is PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna Momentum Rank?

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna has the Momentum Rank of 6.

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 PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Momentum Rank

For the Metal Fabrication subindustry, PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna'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.

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Momentum Rank falls into.

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna Momentum Rank Related Terms

Thank you for viewing the detailed overview of PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna (WAR:PGV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna (WAR:PGV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Sulechowska 4a, Zielona Gora, POL, 65-119

Website

http://www.zastal.pl

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna, formerly Zastal SA is engaged in the manufacture and sale of rolling stock and steel structures. The company manufactures steel structures of industrial halls, buildings, churches, bridges, and railway stations, as well as constructs railway wagons and cars. It also operates in USSR, Iraq, Syria, and China.

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna (WAR:PGV) Headlines

No Headlines