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Petrovietnam Fertilizer And Chemicals (STC:DPM) Momentum Rank : 0 (As of May. 20, 2024)


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What is Petrovietnam Fertilizer And Chemicals Momentum Rank?

Petrovietnam Fertilizer And Chemicals 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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Petrovietnam Fertilizer And Chemicals (STC:DPM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Petrovietnam Fertilizer And Chemicals Corp (STC:DPM) » Definitions » Momentum Rank
Comparable Companies
STC:SFG STC:PGD HSTC:CTT HSTC:EBS STC:BMI STC:TLG STC:NSC HSTC:PVI STC:DRC STC:CHP SAU:2010 TSE:4063 XTER:BAS DOW XKRX:051910 SZSE:002493 SHSE:600989 XKRX:086520 CE XKLS:5183
Traded in Other Exchanges
N/A
Address
43 Mac Dinh Chi Street, 7th floor, PVFCCo Tower, Da Kao ward, District 1, Ho Chi Minh City, VNM
Website
http://www.dpm.vn
Petrovietnam Fertilizer And Chemicals Corp produces and trades fertilizer and chemicals. The company's products portfolio includes Urea, NPK, MOP, SA, DAP fertilizers for the agriculture sector, liquid Ammonia and UFC85/ Formaldehyde. Its segments are Production and trading of fertilizer and chemicals, and Construction of civil works and rendering of other services. Its majority of revenue is derived from production and trading of chemicals and fertilizers. The company distributes fertilizer, chemicals, packages, and services to the North, Central Region, Southeast, Southwest and Ho Chi Minh City.

Petrovietnam Fertilizer And Chemicals (STC:DPM) Headlines