Loma Negra Cia Industria Argentina (BUE:LOMA) Momentum Rank : 0 (As of May. 23, 2024)

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What is Loma Negra Cia Industria Argentina Momentum Rank?

Loma Negra Cia Industria Argentina 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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Loma Negra Cia Industria Argentina (BUE:LOMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Loma Negra Cia Industria Argentina SA (BUE:LOMA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

LOMA:USA 8LN:Germany

Address

Boulevard Cecilia Grierson 355, Piso 4, 4th Floor, Buenos Aires, ARG, C1107CPG

Website

https://www.lomanegra.com

Loma Negra Cia Industria Argentina SA is a cement producer in Argentina. The company operates in five segments: Cement, masonry cement, and lime; Concrete; Rail services; Aggregates; and Others. The majority of its revenue comes from Cement, masonry cement, and lime segment.