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Siguldas CMAS (ORSE:SCM1R) Momentum Rank : 0 (As of May. 17, 2024)


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What is Siguldas CMAS Momentum Rank?

Siguldas CMAS 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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Siguldas CMAS (ORSE:SCM1R) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Siguldas CMAS (ORSE:SCM1R) » Definitions » Momentum Rank
Comparable Companies
OVSE:LGD1L OVSE:AMG1L OVSE:INL1L OVSE:ZMP1L OVSE:PZV1L OVSE:RSU1L OVSE:GRG1L OVSE:KNR1L OVSE:VLP1L OVSE:SAB1L SZSE:002714 ADM TSN SZSE:300498 SHSE:600438 BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN
Traded in Other Exchanges
N/A
Address
Kalnabeites 8, Siguldas novads, Sigulda, LVA, 2150
Website
https://www.sigmas.lv
Siguldas CMAS is a producer and supplier of breeding bull semen in Latvia. The company also provides other breeding-related services such as consultations on issues of cattle breeding, feeding and keeping, artificial insemination of cows, evaluation of cow exterior, and initial processing of the supervisory data.

Siguldas CMAS (ORSE:SCM1R) Headlines

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