Fomento Economico MexicanoB de CV (Fomento Economico MexicanoB de CV) Momentum Rank : 8 (As of May. 16, 2024)

View and export this data going back to 1998. Start your Free Trial

What is Fomento Economico MexicanoB de CV Momentum Rank?

Fomento Economico MexicanoB de CV has the Momentum Rank of 8.

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 Fomento Economico MexicanoB de CV's Momentum Rank

For the Beverages - Brewers subindustry, Fomento Economico MexicanoB de CV'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.

Fomento Economico MexicanoB de CV's Momentum Rank Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fomento Economico MexicanoB de CV's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Fomento Economico MexicanoB de CV's Momentum Rank falls into.

Fomento Economico MexicanoB de CV Momentum Rank Related Terms

Thank you for viewing the detailed overview of Fomento Economico MexicanoB de CV's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Fomento Economico MexicanoB de CV (Fomento Economico MexicanoB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fomento Economico Mexicano SAB de CV (NYSE:FMX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FMXUF:USA FEMSAUB:Mexico FEMSAUBD:Mexico FOMC:Germany FOMA:Germany FMX:Argentina

Address

General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410

Website

https://www.femsa.com

Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm has digested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 70% of total company revenue and around 75% of profits in 2022.