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Palaioi Oinoi Naousis Holding (ATH:MPP.PFD) Momentum Rank : 0 (As of Jun. 14, 2024)


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What is Palaioi Oinoi Naousis Holding Momentum Rank?

Palaioi Oinoi Naousis Holding 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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Palaioi Oinoi Naousis Holding (ATH:MPP.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Palaioi Oinoi Naousis Holding SA (ATH:MPP.PFD) » Definitions » Momentum Rank
Comparable Companies
WAR:TLV BOM:507498 NSE:RKDL XSAT:UMIDA B NSE:AURDIS XCNQ:SBD ASX:DW8 BORNY XKLS:5188 SGX:BKV THST BOM:542628 ICNB OTSE:LINDA BOM:530305 OSTO:MACK B MMNT TSXV:DWS BOM:507155 BOM:507205
Traded in Other Exchanges
N/A
Address
New Monastiriou Street 134, Thessaloniki, GRC, 56334
Website
http://www.boutarigroup.gr
Palaioi Oinoi Naousis Holding SA formerly J Boutaris & Son Holding SA through its subsidiaries is engaged in the operation of wineries in Greece. The company produces wines and champagnes, as well as mineral water.

Palaioi Oinoi Naousis Holding (ATH:MPP.PFD) Headlines

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