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Aluflexpack AG (CHIX:AFPZ) Momentum Rank : 0 (As of Jun. 04, 2024)


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What is Aluflexpack AG Momentum Rank?

Aluflexpack AG 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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Aluflexpack AG (CHIX:AFPZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Aluflexpack AG (CHIX:AFPz) » Definitions » Momentum Rank
Comparable Companies
XSWX:VETN BALL AVY PKG AMCR IP CCK WRK SZSE:002812 DUB:SK3 XSWX:SIGN TSX:CCL.A BERY GPK REYN SON LSE:SMDS SEE SLGN BKK:SCGP
Traded in Other Exchanges
AFP:Switzerland
Address
Alte Aarauerstrasse 11, Reinach, CHE, 5734
Website
https://www.aluflexpack.com
Aluflexpack AG provides flexible packaging and solutions. The company is engaged in producing a wide range of flexible packaging products and solutions by converting and refining aluminum foil, paper, and flexible films. It offers products such as Containers, Films and foils, Lacquered foil, Lids, pouches, and Printed foils. It provides its services to the confectionery, dairy, and pharmaceutical industries. It derives revenue from Switzerland and other countries.

Aluflexpack AG (CHIX:AFPZ) Headlines

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