Grupa Azoty (LTS:0NS1) Momentum Rank : 5 (As of May. 24, 2024)

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What is Grupa Azoty Momentum Rank?

Grupa Azoty has the Momentum Rank of 5.

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 Grupa Azoty's Momentum Rank

For the Agricultural Inputs subindustry, Grupa Azoty'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.

Grupa Azoty's Momentum Rank Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Grupa Azoty's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Grupa Azoty's Momentum Rank falls into.

Grupa Azoty Momentum Rank Related Terms

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Grupa Azoty (LTS:0NS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Grupa Azoty SA (LTS:0NS1) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ATT:Poland 5PL:Germany

Address

ul. Kwiatkowskiego 8, Tarnow, POL, 33-101

Website

https://www.grupaazoty.com

Grupa Azoty SA is a holding company, which through its subsidiaries, produces and sells chemicals, plastics, fertilizers, titanium, and extracts sulfur products. The firm organizes itself into five segments based on the product type. The Agro fertilizer segment, which generates the majority of revenue, sells fertilizers and agrochemicals. The Plastics segment sells a variety of plastic products to the automotive, construction, food, and textile industries. The Energy segment produces and sells electricity. The Chemicals segment sells oxo alcohols and other chemicals and its other segment comprises activities such as laboratory services, property rental, and other activities.

Grupa Azoty (LTS:0NS1) Headlines

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