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Arcos Dorados Holdings (BUE:ARCO) Momentum Rank : 0 (As of May. 25, 2024)


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What is Arcos Dorados Holdings Momentum Rank?

Arcos Dorados Holdings 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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Arcos Dorados Holdings (BUE:ARCO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Arcos Dorados Holdings Inc (BUE:ARCO) » Definitions » Momentum Rank
Comparable Companies
BLMN PZZA BROS SHAK CAKE EAT CBRL JACK SG CNNE MCD SBUX CMG LSE:CPG YUM TSX:QSP.UN YUMC TSX:QSR DRI HKSE:06862
Traded in Other Exchanges
ARCO:USA ARCO:Mexico AD8:Germany
Address
Dr. Luis Bonavita 1294, Office 501, WTC Free Zone, Montevideo, URY, 11300
Website
https://www.arcosdorados.com
Arcos Dorados Holdings Inc operates McDonald's-branded restaurants in approximately 20 countries and territories in Latin America and the Caribbean. It functions through two sources which include company-operated restaurants and franchised restaurants segment. Their menu includes hamburgers, McNuggets, salad, sandwiches, french fries and others.