Legrand (XPAR:LR) Momentum Rank : 10 (As of May. 03, 2024)

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What is Legrand Momentum Rank?

Legrand 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 Legrand's Momentum Rank

For the Electrical Equipment & Parts subindustry, Legrand'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.

Legrand's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Legrand's Momentum Rank distribution charts can be found below:

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

Legrand Momentum Rank Related Terms

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Legrand (XPAR:LR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Legrand SA (XPAR:LR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

LGRVF:USA LGRDY:USA LR:Mexico LRp:UK 0MW7:UK LRC:Germany LR:Austria

Address

128, Avenue de Lattre de Tassigny, Cedex, Limoges, FRA, 87045

Website

https://www.legrand.com

Legrand is a global manufacturer of low-voltage electrical components, which are mostly used in residential (40%) and nonresidential (40%) buildings. Its products include wiring devices, cable management, lighting, and audio visual equipment, sold under approximately 80 brands across 180 countries. Its products are sold primarily through specialist distributors that subsequently sell to installers/electricians. Legrand is a major supplier to global electrical equipment distributors, including Rexel and Sonepar. North America and Europe each account for 40% of group sales.

Legrand (XPAR:LR) Headlines

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