Exel Industries (XPAR:EXE) Momentum Rank : 10 (As of May. 23, 2024)

View and export this data going back to 1997. Start your Free Trial

What is Exel Industries Momentum Rank?

Exel Industries has the Momentum Rank of 10.

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 Exel Industries's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, Exel Industries'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.

Exel Industries's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Exel Industries's Momentum Rank distribution charts can be found below:

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

Exel Industries Momentum Rank Related Terms

Thank you for viewing the detailed overview of Exel Industries's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Exel Industries (XPAR:EXE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Exel Industries SA (XPAR:EXE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

8YK:Germany

Address

52, rue de la Victoire, Paris, FRA, 75009

Website

http://www.exel-industries.com

Exel Industries SA is a French company which is active in the business of manufacture of spraying equipment for plant protection for professional, semi-professional and consumer agricultural applications. The company is also engaged in the business of sugar beet harvesting, providing gardening, spraying and watering equipment and industrial precision spraying solutions which cover protection, finishes, lubrication and pollution clean-up. It markets its products under the brand name of Hozelock, Berthoud, Tecnoma, Laser and Cooper Pegler brands, Kremlin rexsons and Sames. The company earns the majority of its revenue from the agricultural equipment business and geographically from Europe region.

Exel Industries (XPAR:EXE) Headlines

No Headlines