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Almacenes Exito (BOG:EXITO) Momentum Rank : 0 (As of May. 14, 2024)


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What is Almacenes Exito Momentum Rank?

Almacenes Exito 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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Almacenes Exito (BOG:EXITO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Almacenes Exito SA (BOG:EXITO) » Definitions » Momentum Rank
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Traded in Other Exchanges
EXTO:USA 7QX:Germany EXCO32:Brazil
Address
Carrera 48 No. 32 B Sur 139, Avenida Las Vegas, Envigado, COL, 3479
Website
https://www.grupoexito.com.co
Almacenes Exito SA is a Colombian retailer that operates in its homeland and overseas. The company operates stores under Grupo Exito in Colombia; Grupo Pao de Acucar in Brazil; Libertad in Argentina; and Disco, Devoto and Geant chains in Uruguay. Exito has a omnichannel, multiformat, and multibrand model. The company has e-commerce operations in Columbia under www.exito.com, www.carulla.com, and cdiscount.com.co, and in Brazil under Cnova.com. Its store offerings include groceries and food, clothing, home appliances, personal care products, and home-entertainment electronic and digital products.

Almacenes Exito (BOG:EXITO) Headlines

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