Industrias ChB de CV (Industrias ChB de CV) Momentum Rank : 9 (As of Jun. 09, 2024)

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What is Industrias ChB de CV Momentum Rank?

Industrias ChB de CV has the Momentum Rank of 9.

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 Industrias ChB de CV's Momentum Rank

For the Steel subindustry, Industrias ChB de CV'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.

Industrias ChB de CV's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Industrias ChB de CV's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Industrias ChB de CV's Momentum Rank falls into.

Industrias ChB de CV Momentum Rank Related Terms

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Industrias ChB de CV (Industrias ChB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Industrias Ch SAB de CV (OTCPK:ICHBF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ICHB:Mexico

Address

Agustin Melgar 23, Fracc Industrial Ninos Heroes, Tlalnepantla, MEX, 54030

Website

http://www.industriasch.com.mx

Industrias Ch SAB de CV is a Mexican company. It acts as a producer of special steels in Mexico and the United States. The company's products include Billet, pipes, cylindrical and corrugated steel rods, structural profiles, commercial profiles, barbed wires, and wire rods and rod derivatives.

Industrias ChB de CV (Industrias ChB de CV) Headlines

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