Natac Natural Ingredients (XMAD:NAT) Momentum Rank : 3 (As of Jun. 05, 2024)

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What is Natac Natural Ingredients Momentum Rank?

Natac Natural Ingredients has the Momentum Rank of 3.

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 Natac Natural Ingredients's Momentum Rank

For the Specialty Chemicals subindustry, Natac Natural Ingredients'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.

Natac Natural Ingredients's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Natac Natural Ingredients's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Natac Natural Ingredients's Momentum Rank falls into.

Natac Natural Ingredients Momentum Rank Related Terms

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Natac Natural Ingredients (XMAD:NAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Natac Natural Ingredients SA (XMAD:NAT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/Orfila, No. 10, Izquierda, Madrid, ESP, 28010

Website

https://www.iffefutura.es

IFFE Futura SA is an industrial and services company specialized mainly in the production and development of products rich in Omega 3 and in the production of sustainable plant extracts with proven benefits for health and with application in the nutraceutical, pharmaceutical, animal nutrition and cosmetic industries, among others.