GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Maggie Beer Holdings Ltd (ASX:MBH) » Definitions » Momentum Rank

Maggie Beer Holdings (ASX:MBH) Momentum Rank : 0 (As of May. 28, 2024)


View and export this data going back to 2004. Start your Free Trial

What is Maggie Beer Holdings Momentum Rank?

Maggie Beer Holdings 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.

Maggie Beer Holdings Momentum Rank Related Terms

Thank you for viewing the detailed overview of Maggie Beer Holdings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Maggie Beer Holdings (ASX:MBH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Maggie Beer Holdings Ltd (ASX:MBH) » Definitions » Momentum Rank
Comparable Companies
ASX:NOU ASX:JAT ASX:WNX ASX:NUC ASX:BXN ASX:AHF ASX:CCO ASX:TFL ASX:BFC ASX:EVE XSWX:NESN KHC XPAR:BN GIS NSE:NESTLEIND SHSE:603288 LSE:ABF SHSE:600887 SZSE:300999 K
Traded in Other Exchanges
N/A
Address
2 Keith Street, Tanunda, Adelaide, SA, AUS, 5352
Website
https://www.maggiebeerholdings.com.au
Maggie Beer Holdings Ltd is engaged in the sale of branded premium food and beverage in Australia and overseas markets. There are three operating segments which are Maggie Beer Products(MBP), Hampers & Gifts Australia, Farm Paris Creek and Other corporate costs. It generates a vast majority of its revenues from the Hampers & Gifts Australia segment.

Maggie Beer Holdings (ASX:MBH) Headlines

No Headlines