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Syngenta AG (Syngenta AG) Momentum Rank : 0 (As of Apr. 28, 2024)


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What is Syngenta AG Momentum Rank?

Syngenta AG 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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Syngenta AG (Syngenta AG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Syngenta AG (NYSE:SYT) » Definitions » Momentum Rank
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TSX:NTR CTVA FMC OSL:YAR CF SAU:2020 MOS SMG NSE:UPL MIC:PHOR XTAE:ICL SHSE:600426 SZSE:000792 SZSE:000553 SHSE:600486 NSE:PIIND MIC:AKRN BOM:506285 BOM:506395 MIC:URKA
Traded in Other Exchanges
N/A
Address
Schwarzwaldalle 215, Basel, CHE, 4058
Website
http://www.syngenta.com
Formed in 2000 from spin-offs of Novartis' crop-protection and seeds business and AstraZeneca's agrochemical business, Syngenta is a global producer of crop chemicals and seeds. The Swiss company is a leading manufacturer of crop-protection products, making multiple herbicides, insecticides, and fungicides used on a wide variety of crops. Syngenta's seeds business trails rivals, but the company is investing heavily in research and development in an effort to close the technology gap in genetically modified seeds.