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Longvie (BUE:LONG) Momentum Rank : 0 (As of Apr. 30, 2024)


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What is Longvie Momentum Rank?

Longvie 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.

Longvie Momentum Rank Related Terms

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Longvie (BUE:LONG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Longvie SA (BUE:LONG) » Definitions » Momentum Rank
Comparable Companies
BUE:DOME BUE:FIPL SZSE:000333 SHSE:600690 SZSE:000651 TSE:9843 SHSE:603833 TPX SN WHR SZSE:002032 XPAR:SK MHK SZSE:000921 SHSE:603816 LSE:HWDN SHSE:605117 SHSE:600839 SHSE:603486 MIL:DLG
Traded in Other Exchanges
N/A
Address
Laprida 4851, Villa Martelli, Buenos Aires, ARG
Website
http://www.longvie.com.ar
Longvie SA operates in the home furnishing and fixtures industry. The principal business activity of the company is to manufacture and distribute household appliances. The company produces washing machines, dishwashers, stoves, ovens, water heaters, and hot water tanks for the domestic and international markets. It has an operational presence across Canada, United States, Brazil, Poland, Georgia, Colombia, Peru, and other countries.

Longvie (BUE:LONG) Headlines

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