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Parkomat International (XTAE:PRKM) Momentum Rank : 0 (As of Jun. 12, 2024)


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What is Parkomat International Momentum Rank?

Parkomat International 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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Parkomat International (XTAE:PRKM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Parkomat International Ltd (XTAE:PRKM) » Definitions » Momentum Rank
Comparable Companies
XTAE:SCDX XTAE:TURB XTAE:AUGN XTAE:AQUA XTAE:HICN GE XTER:SIE XPAR:SU ETN ITW XKRX:373220 OSTO:ATCO A EMR PH AME OTIS CMI ROK TSE:6273 BSP:WEGE3
Traded in Other Exchanges
N/A
Address
Golda Meir 3, Science Park, Ness Ziona, ISR
Website
https://www.parkomat.co.il
Parkomat International Ltd is an Israeli company specializing in the development, engineering designs, production, assembly, and service of mechanical and robotic parking facilities. Its product offerings comprise Mechanical parking facilities, Semi-automatic parking facilities, Robotic parking facilities, and Parking multipliers.

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