Ebro Foods (Ebro Foods) Momentum Rank : 2 (As of Apr. 28, 2024)

View and export this data going back to 2008. Start your Free Trial

What is Ebro Foods Momentum Rank?

Ebro Foods has the Momentum Rank of 2.

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 Ebro Foods's Momentum Rank

For the Packaged Foods subindustry, Ebro Foods'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.

Ebro Foods's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ebro Foods's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ebro Foods's Momentum Rank falls into.

Ebro Foods Momentum Rank Related Terms

Thank you for viewing the detailed overview of Ebro Foods's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Ebro Foods (Ebro Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ebro Foods SA (OTCPK:EBRPY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

EBROe:UK 0NYH:UK EBRO:Spain AZU:Germany

Address

Paseo de la Castellana, n 20, Madrid, ESP, 28046

Website

http://www.ebrofoods.es

Ebro Foods SA is a Spanish international food group operating in the pasta, rice, and sauces segments. The company is present in more than 25 countries in Europe, North America, Asia, and Africa, through its wide network of subsidiaries and brands. The core businesses are rice and pasta, offered in dry, fresh, precooked, and frozen varieties. Aside from pasta and rice, Ebro Food offers ready meals, fresh potato, sauces among others. The largest geographical segment for the rice division is in Europe, followed by North America, Asia, and Africa. Pasta, sauces, and other products, accounting for almost half of revenue, are mainly present in Europe and North America.

Ebro Foods (Ebro Foods) Headlines

From GuruFocus

Half Year 2019 Ebro Foods SA Earnings Presentation Transcript

By GuruFocus Research • 03-02-2024

Q3 2019 Ebro Foods SA Earnings Call Transcript

By GuruFocus Research • 03-02-2024

Full Year 2019 Ebro Foods SA Earnings Presentation Transcript

By GuruFocus Research • 03-02-2024