Steico SE (XTER:ST5) Momentum Rank : 4 (As of May. 04, 2024)

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What is Steico SE Momentum Rank?

Steico SE has the Momentum Rank of 4.

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 Steico SE's Momentum Rank

For the Lumber & Wood Production subindustry, Steico SE'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.

Steico SE's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Steico SE's Momentum Rank distribution charts can be found below:

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

Steico SE Momentum Rank Related Terms

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Steico SE (XTER:ST5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Steico SE (XTER:ST5) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

1ST:Italy

Address

Otto-Lilienthal-Ring 30, Feldkirchen, DEU, 85622

Website

https://www.steico.com

Steico SE is engaged in the production and sale of a variety of wood fiber insulation products in the European market. Its products include expansion joint fillers, thermal insulation, floor insulation system, multi-purpose rigid insulation boards, multi-purpose wood fiberboards, thermal insulation composite system, sarking, and sheathing boards, construction elements, laminated veneer lumber, sealing systems, and others. The company operates in Germany, European Countries, and the rest of the world.

Executives

Uwe Klaus Lange

Board of Directors

Steico SE (XTER:ST5) Headlines

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