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GrumaB de CV (GrumaB de CV) 6-1 Month Momentum % : 19.32% (As of May. 03, 2024)


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What is GrumaB de CV 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-03), GrumaB de CV's 6-1 Month Momentum % is 19.32%.

The industry rank for GrumaB de CV's 6-1 Month Momentum % or its related term are showing as below:

GPAGF's 6-1 Month Momentum % is ranked worse than
52.98% of 1999 companies
in the Consumer Packaged Goods industry
Industry Median: 0.82 vs GPAGF: 19.32

Competitive Comparison of GrumaB de CV's 6-1 Month Momentum %

For the Packaged Foods subindustry, GrumaB de CV's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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.


GrumaB de CV's 6-1 Month Momentum % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, GrumaB de CV's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where GrumaB de CV's 6-1 Month Momentum % falls into.



GrumaB de CV  (OTCPK:GPAGF) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


GrumaB de CV  (OTCPK:GPAGF) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


GrumaB de CV 6-1 Month Momentum % Related Terms

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GrumaB de CV (GrumaB de CV) Business Description

Traded in Other Exchanges
Address
Calzada del Valle, 407 Ote., Colonia Del Valle, San Pedro Garza Garcia, NL, MEX, 66220
Gruma SAB de CV is an international food production company, originally from Mexico. The product portfolio is large: corn and flour tortillas, wheat flour, naan, pita bread, flatbreads, wraps, chapatti, and pizza bases, along with other food products, such as snacks, pasta, rice, condiments, and palm hearts. The company has operations in America, Europe, Asia, and Oceania, and is present in over 100 countries across the globe. Its well-known brands are Maseca, Robin Hood, Mission, Guerrero, Tortiricas and Tosty.