GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Morrison (Wm) Supermarkets PLC (OTCPK:MRWSY) » Definitions » Momentum Rank

Morrison (Wm) Supermarkets (Morrison (Wm) Supermarkets) Momentum Rank : 0 (As of May. 05, 2024)


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

What is Morrison (Wm) Supermarkets Momentum Rank?

Morrison (Wm) Supermarkets 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.

Morrison (Wm) Supermarkets Momentum Rank Related Terms

Thank you for viewing the detailed overview of Morrison (Wm) Supermarkets's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Morrison (Wm) Supermarkets (Morrison (Wm) Supermarkets) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Morrison (Wm) Supermarkets PLC (OTCPK:MRWSY) » Definitions » Momentum Rank
Comparable Companies
FYRTF ICCGF GO ACI SFM WMK DNUT IMKTA HWIN NGVC TSE:3382 KR ASX:WOW TSX:L XAMS:AD LSE:TSCO TSX:WN ASX:COL BKK:CPALL TSX:MRU
Traded in Other Exchanges
N/A
Address
Gain Lane, Hilmore House, Bradford, West Yorkshire, GBR, BD3 7DL
Website
https://www.morrisons.com
Founded by William Morrison in 1899, Wm Morrison Supermarkets is the U.K.'s fourth- largest grocery chain, with a market share of around 10%. The 2004 takeover of rival Safeway transformed the firm in terms of scale and gave it a significant presence outside its base in Northern England. The company operates about 500 stores, entirely in the United Kingdom. Morrisons has an online presence via a partnership with Ocado and Amazon and has lately been trying to expand its wholesale channel with new agreements (McColl's).

Morrison (Wm) Supermarkets (Morrison (Wm) Supermarkets) Headlines