Takkt AG (XTER:TTK) Momentum Rank : 5 (As of May. 02, 2024)

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What is Takkt AG Momentum Rank?

Takkt AG 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 Takkt AG's Momentum Rank

For the Business Equipment & Supplies subindustry, Takkt 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.

Takkt AG's Momentum Rank Distribution in the Industrial Products Industry

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

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

Takkt AG Momentum Rank Related Terms

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Takkt AG (XTER:TTK) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

0GC8:UK

Address

Presselstrasse 12, Stuttgart, BW, DEU, 70191

Website

http://www.takkt.com

Takkt AG specializes in B2B distance selling for business equipment. The company is engaged in three segments namely, Industrial & Packaging, Office Furniture & Displays and FoodService. The company has its geographic presence in Germany, Europe without Germany, USA and Others.

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