Thales (XPAR:HO) Momentum Rank : 3 (As of Apr. 28, 2024)

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What is Thales Momentum Rank?

Thales has the Momentum Rank of 3.

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 Thales's Momentum Rank

For the Aerospace & Defense subindustry, Thales'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.

Thales's Momentum Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Thales's Momentum Rank distribution charts can be found below:

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

Thales Momentum Rank Related Terms

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Thales (XPAR:HO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Thales (XPAR:HO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

THLLY:USA THLEF:USA HOp:UK 0IW5:UK CSF:Germany

Address

Tour Carpe Diem, Place des Corolles, Esplanade Nord, Courbevoie, FRA, 92400

Website

https://www.thalesgroup.com

Thales is a French aerospace and defense industrial and one of Europe's largest defense contractors with EUR 18 billion in sales. The company has three reportable segments: 1) Defense & security provides sensors, mission systems, communications, and control systems to European and export defense customers; 2) Aerospace sells avionics and satellites to the civil, defense, and governmental markets; and 3) Digital identity and security provides biometric, data & identity security solutions, payments services, and the manufacturing of SIM cards.

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