Quickstep Holdings (Quickstep Holdings) Momentum Rank : 4 (As of May. 20, 2024)

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What is Quickstep Holdings Momentum Rank?

Quickstep Holdings has the Momentum Rank of 4.

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 Quickstep Holdings's Momentum Rank

For the Aerospace & Defense subindustry, Quickstep Holdings'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.

Quickstep Holdings's Momentum Rank Distribution in the Aerospace & Defense Industry

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

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

Quickstep Holdings Momentum Rank Related Terms

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Quickstep Holdings (Quickstep Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Quickstep Holdings Ltd (OTCPK:QCKSF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

QHL:Australia

Address

361 Milperra Road, Bankstown Airport, Bankstown Aerodrome, Sydney, NSW, AUS, 2200

Website

https://www.quickstep.com.au

Quickstep Holdings Ltd is engaged in the manufacturing of carbon fiber composites for the aerospace, defense, automotive, and other manufacturing sectors. The group consisted of the production of parts for Northrop Grumman for the Joint Strike Fighter Project, C-130J wing flaps for Lockheed Martin, and Other.

Quickstep Holdings (Quickstep Holdings) Headlines

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