Purcari Wineries PCL (BSE:WINE) Momentum Rank : 7 (As of Sep. 25, 2024)

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What is Purcari Wineries PCL Momentum Rank?

Purcari Wineries PCL has the Momentum Rank of 7.

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 Purcari Wineries PCL's Momentum Rank

For the Beverages - Wineries & Distilleries subindustry, Purcari Wineries PCL'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.

Purcari Wineries PCL's Momentum Rank Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Purcari Wineries PCL's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Purcari Wineries PCL's Momentum Rank falls into.

Purcari Wineries PCL Momentum Rank Related Terms

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Purcari Wineries PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Purcari Wineries PCL (BSE:WINE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, Lampousas Street, Nicosia, CYP, 1095

Website

https://www.purcari.wine

Purcari Wineries PCL is engaged in the business of production of wine and brandy products in Romania and Moldova. The company exports its products to various countries across Europe, Asia, and America. The Group has five core brands across wide range of price segments in the still and sparkling wine categories, as well as a brand in the popular premium brandy segment which are Purcari Wine, Crama Ceptura Wine, Domeniile Cuza, Bostavan Wine and Bardar Divin and Angel's Estate. The Group operates four production platforms in Romania and Moldova, three of which are dedicated to wine production and one dedicated to brandy production.

Purcari Wineries PCL Headlines

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