JOST Werke SE (XTER:JST) Momentum Rank : 5 (As of May. 01, 2024)

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What is JOST Werke SE Momentum Rank?

JOST Werke SE has the Momentum Rank of 5.

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 JOST Werke SE's Momentum Rank

For the Auto Parts subindustry, JOST Werke 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.

JOST Werke SE's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, JOST Werke SE's Momentum Rank distribution charts can be found below:

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

JOST Werke SE Momentum Rank Related Terms

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JOST Werke SE (XTER:JST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » JOST Werke SE (XTER:JST) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0RTR:UK

Address

Siemensstrase 2, Neu-Isenburg, HE, DEU, 63263

Website

https://www.jost-world.com

JOST Werke SE is a producer and supplier of safety-critical systems to the truck and trailer industry. The company's business segments are Asia, the Pacific and Africa, Europe, and North America. Its products are used in two business lines; Transport includes products and systems for trucks and trailers that provide the interface connecting the truck to the trailer, and it even sells wheel couplings, landing gears, king pins, and ball bearing turntables, and Agriculture includes products like agricultural front loaders for tractors, various implements for front loaders, and subframes, and it even sells towing hitches, drawbars, towing eyes and ladders under the brand name Rockinger.

Executives

Prof. Dr. Bernd Gottschalk	Supervisory Board
Joachim Dürr	Board of Directors
Dr. Ralf Eichler	Board of Directors

JOST Werke SE (XTER:JST) Headlines

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