M J Maillis (ATH:MAIK) Momentum Rank : 0 (As of Jun. 06, 2024)

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What is M J Maillis Momentum Rank?

M J Maillis has the Momentum Rank of 0.

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.

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M J Maillis (ATH:MAIK) Business Description

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M J Maillis SA was founded in 1968. The Company is engaged in the manufacture and distribution of end-of-line industrial solutions. It manufactures and distributes complete secondary packaging systems, machines & packaging materials in Strapping, Wrapping and Case Handling including also hand strapping tools. Its segments includes West Europe: Germany, Belgium, France, UK, Austria, Spain, Luxembourg; Central Europe: Poland, Hungary, Czech, Slovakia; Greece & East Europe: Greece, Romania, Bulgaria; North America; Italy includes also Combi Packaging Systems. Its products include Strapping Systems: Strapping tools, Strapping machines, Strapping consumables (steel, PP, PET), textile bands; Wrapping Systems: Stretch Wrapping machines, Stretch film; and Case Handling Systems: Case erectors, Case Packers, Case sealers, Single Block Hand Packing Stations, Tape Dispensers, Flexographic machines.

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