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Henkel AG KGaA (BUD:HENKEL) Momentum Rank : 0 (As of May. 23, 2024)


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What is Henkel AG KGaA Momentum Rank?

Henkel AG KGaA 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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Henkel AG KGaA (BUD:HENKEL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Henkel AG & Co KGaA (BUD:HENKEL) » Definitions » Momentum Rank
Comparable Companies
XTER:BEI XTER:LEI PG XPAR:OR LSE:ULVR CL BOM:500696 EL KMB LSE:RKT KVUE XAMS:DSFIR CHD TSE:4452 CLX XSWX:GALD OSTO:ESSITY B TSE:8113 BOM:532424 BOM:500096
Traded in Other Exchanges
HENOY:USA HENOF:USA HENKY:USA 1HEN:Italy HEN3:Italy HEN3d:UK 0IZC:UK 0IZ8:UK HEN1:Germany HENE:Germany HEN3:Germany HEN:Germany HEN3:Germany HEN:Germany HEN3:Germany HEN:Germany HEN3:Germany HEN:Germany HEN:Austria
Address
Henkelstrasse 67, Duesseldorf, NW, DEU, 40589
Website
https://www.henkel.com
Two distinct customer groups constitute Henkel. The consumer segment (around 50% of consolidated 2022 sales) is laundry and home care, including the Persil and Purex laundry detergent brands, and beauty care, including the Schwarzkopf brand in hair care and the Dial brand in hand soap. The adhesives technologies segment makes up the remaining 50% of sales. Sales from Europe accounted for 42% of the firm's consolidated total in 2022, while Asia-Pacific and North America accounted for 17% and 27%, respectively.

Henkel AG KGaA (BUD:HENKEL) Headlines

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