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MirgorCIFIA (BUE:MIRG) Momentum Rank : 0 (As of May. 01, 2024)


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What is MirgorCIFIA Momentum Rank?

MirgorCIFIA 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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MirgorCIFIA (BUE:MIRG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mirgor SACIFIA (BUE:MIRG) » Definitions » Momentum Rank
Comparable Companies
LSE:PETS LSE:MOON LSE:DNLM LSE:SMWH LSE:HFD LSE:ANG LSE:CARD LSE:MTC LSE:SCHO AAPL XKRX:005930 TSE:6758 HKSE:01810 TSE:6752 XKRX:066570 XKRX:003550 SZSE:002241 SHSE:603296 BOM:540699 SHSE:600060
Traded in Other Exchanges
N/A
Address
Avenue Del Libertador, 6350-3rd floor, Buenos Aires, ARG, C1428ART
Website
http://www.mirgor.com.ar
Mirgor SACIFIA is an Argentina-based company that engages in the manufacture of air quality and temperature control equipment for the automobile sector. It is also engaged in the manufacture and marketing of TV sets, mobile telephone equipment, car radios, and real estate, and provision of storage and technical support services for the auto and electric consumer industries. The business units of the company comprise the Automotive Business segment, Electronic consumer goods segment; Agricultural segment, and other service segments.

MirgorCIFIA (BUE:MIRG) Headlines

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