Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca (CAR:PER) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca Momentum Rank?

Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca 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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Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca (CAR:PER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca (CAR:PER) » Definitions » Momentum Rank

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Address

Avenue Circunvalacion del Sol, Torre Santa Paula Plaza II, Office 104, Caracas, VEN

Website

http://www.per-capital.com

Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca invests the capital stock in the securities that make up the IBC, which measures the performance of the large-capitalization sector of the Venezuelan equity market.

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