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Ceylon Cold Stores (COL:CCS.N0000) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Ceylon Cold Stores Momentum Rank?

Ceylon Cold Stores 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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Ceylon Cold Stores (COL:CCS.N0000) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Ceylon Cold Stores PLC (COL:CCS.N0000) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
No. 148, Vauxhall Street, Colombo, LKA, 02
Website
https://www.elephanthouse.lk
Ceylon Cold Stores PLC is a Sri Lankan company that is engaged in the manufacturing and marketing of beverages and frozen confectionery. The company operates through two business segments namely Manufacturing and Supermarkets. It generates maximum revenue from the Supermarkets segment. The company offers carbonated soft drinks, including ginger beer, cream, and apple soda, raspberry flavored Necto, orange-flavored orange crush and orange barley, lemonade, dry ginger ale, and toni, bottled drinking water, energy drinks, and ice creams. Geographically, it derives a majority of its revenue from Sri Lanka.

Ceylon Cold Stores (COL:CCS.N0000) Headlines

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