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Siderurgica VenezolanaCA (CAR:SVS) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Siderurgica VenezolanaCA Momentum Rank?

Siderurgica VenezolanaCA 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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Siderurgica VenezolanaCA (CAR:SVS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Siderurgica Venezolana SACA (CAR:SVS) » Definitions » Momentum Rank
Comparable Companies
BOM:541702 JSE:AND BOM:513534 BOM:513117 BOM:531343 BOM:533602 BOM:513343 BOM:504180 BOM:526967 BOM:539011 BOM:513513 BOM:531913 BOM:513403 BOM:504746 BOM:517224 BOM:526977 BOM:513488 BOM:513460 BOM:540923 BOM:533239
Traded in Other Exchanges
N/A
Address
Avenida Venezuela, Torre America, Urbanizacion Bello Monte, Piso 11, Caracas, VEN
Website
http://www.sivensa.com.ve
Siderurgica Venezolana Sivensa SA is a holding company. The Company along with its subsidiaries is engaged in the manufacture of long steel products for the construction, manufacturing and infrastructure industries. The group has two business units namely IBH, Sidetur.

Siderurgica VenezolanaCA (CAR:SVS) Headlines

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