Sansuy Industria De Plasticos (BSP:SNSY5) Momentum Rank : 3 (As of Apr. 30, 2024)

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What is Sansuy Industria De Plasticos Momentum Rank?

Sansuy Industria De Plasticos has the Momentum Rank of 3.

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 Sansuy Industria De Plasticos's Momentum Rank

For the Auto Parts subindustry, Sansuy Industria De Plasticos'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.

Sansuy Industria De Plasticos's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sansuy Industria De Plasticos's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sansuy Industria De Plasticos's Momentum Rank falls into.

Sansuy Industria De Plasticos Momentum Rank Related Terms

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Sansuy Industria De Plasticos (BSP:SNSY5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sansuy SA Industria De Plasticos (BSP:SNSY5) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SNSY3:Brazil

Address

Regis Bittencourt Highway, Km 280, s / n, Camacari, BA, BRA, 42810000

Website

http://www.sansuy.com.br

Sansuy SA Industria De Plasticos produces and sells flexible polyvinyl chloride laminates and plastics. Its product includes PVC tarpaulins, inflatable warehouses, irrigation pipes and water storage tanks for the agriculture sector; among others.

Sansuy Industria De Plasticos (BSP:SNSY5) Headlines

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