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Insumos AGroquimicos (BUE:INAG5) Momentum Rank : 0 (As of Jun. 24, 2024)


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What is Insumos AGroquimicos Momentum Rank?

Insumos AGroquimicos 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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Insumos AGroquimicos (BUE:INAG5) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Insumos AGroquimicos SA (BUE:INAG5) » Definitions » Momentum Rank
Comparable Companies
CTVA TSX:NTR FMC OSL:YAR SAU:2020 SMG SZSE:000792 CF MIC:PHOR MOS XTAE:ICL SHSE:600426 NSE:UPL SHSE:600486 MIC:AKRN SZSE:000553 NSE:PIIND BOM:506285 BOM:506395 MIC:URKA
Traded in Other Exchanges
N/A
Address
Avenida Santa Fe 1731, 3rd floor, Buenos Aires, ARG, C1060ABD
Website
http://www.insuagro.com.ar
Insumos AGroquimicos SA operates in the agricultural inputs sector. The company sells, distributes and markets insecticides, herbicides, fungicides, seed treatments and seed inoculants.

Insumos AGroquimicos (BUE:INAG5) Headlines

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