Cocor Bucuresti (BSE:GALA) Momentum Rank : 10 (As of May. 21, 2024)

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What is Cocor Bucuresti Momentum Rank?

Cocor Bucuresti has the Momentum Rank of 10.

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 Cocor Bucuresti's Momentum Rank

For the Department Stores subindustry, Cocor Bucuresti'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.

Cocor Bucuresti's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cocor Bucuresti's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Cocor Bucuresti's Momentum Rank falls into.

Cocor Bucuresti Momentum Rank Related Terms

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Cocor Bucuresti (BSE:GALA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Cocor SA Bucuresti (BSE:GALA) » Definitions » Momentum Rank

Traded in Other Exchanges

COCR:Romania

Address

bd. IC Bratianu 29-33, sector 3, Bucharest, ROU, 030173

Website

https://www.cocor.ro

Cocor SA Bucuresti is a modern shopping center in Bucharest, that hosts both international brands and creations of Romanian designers.

Cocor Bucuresti (BSE:GALA) Headlines

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