Phoenix Mecano AG (XSWX:PMN) Momentum Rank : 9 (As of May. 15, 2024)

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What is Phoenix Mecano AG Momentum Rank?

Phoenix Mecano AG 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 Phoenix Mecano AG's Momentum Rank

For the Specialty Industrial Machinery subindustry, Phoenix Mecano AG'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.

Phoenix Mecano AG's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Phoenix Mecano AG's Momentum Rank falls into.

Phoenix Mecano AG Momentum Rank Related Terms

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Phoenix Mecano AG (XSWX:PMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Phoenix Mecano AG (XSWX:PMN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PMNE:Switzerland

Address

Hofwisenstrasse 6, Stein am Rhein, CHE, CH-8260

Website

https://www.phoenix-mecano.com

Phoenix Mecano AG is a technology company that manufactures and develops enclosures, mechanical components, and electronic components (ELCOM). It has three operating segments. Enclosures Systems are made of aluminium, plastic and glass-fibre reinforced polyester, machine control boards and suspension systems for protecting electronics; Industrial Components segment includes Aluminium profiles, pipe connection systems, conveyor components, linear units, electric cylinders, lifting columns, switches, plug connectors, and others; DewertOkin Technology Group includes fittings technology for industry and electrically adjustable furniture for the home and hospital care sectors. Geographically, it has operations in Switzerland, Germany, the UK, France, Italy, the Netherlands, and other areas.