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Polwax (WAR:PWX) Momentum Rank : 1 (As of Jun. 06, 2024)


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What is Polwax Momentum Rank?

Polwax has the Momentum Rank of 1.

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 Polwax's Momentum Rank

For the Specialty Chemicals subindustry, Polwax'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.

Polwax's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Polwax's Momentum Rank distribution charts can be found below:

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


Polwax Momentum Rank Related Terms

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Polwax (WAR:PWX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Polwax SA (WAR:PWX) » Definitions » Momentum Rank
Comparable Companies
WAR:KGL WAR:BPN WAR:KCH WAR:HUB LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN LYB PPG ADX:BOROUGE IFF XSWX:EMSN TSE:4612
Traded in Other Exchanges
1LW:Germany
Address
3 Maja 101, Jaslo, POL, 38-200
Website
http://www.polwax.pl
Polwax SA is a producer and distributor of refined and deodorized paraffin, waxes and specialty industrial paraffin compositions. The company's products are used in various industries such as fertilizer industry, investment casting, wood processing, production of varnishes and paints, rubber industry, paper and packaging industry, production of construction materials, manufacture of explosives, manufacture of candles and grave lights and food industry.