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Marudai Food Co (FRA:MFL) Momentum Rank : 10 (As of Jun. 13, 2024)


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What is Marudai Food Co Momentum Rank?

Marudai Food Co has the Momentum Rank of 10.

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.

Competitive Comparison of Marudai Food Co's Momentum Rank

For the Packaged Foods subindustry, Marudai Food Co's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Marudai Food Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Marudai Food Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Marudai Food Co's Momentum Rank falls into.


Marudai Food Co Momentum Rank Related Terms

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Marudai Food Co (FRA:MFL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Marudai Food Co Ltd (FRA:MFL) » Definitions » Momentum Rank
Comparable Companies
TSE:2918 TSE:1375 TSE:2594 TSE:1301 TSE:2910 TSE:2899 TSE:2053 TSE:2226 TSE:2923 TSE:2060 XSWX:NESN KHC XPAR:BN GIS NSE:NESTLEIND SHSE:603288 LSE:ABF SHSE:600887 SZSE:300999 K
Traded in Other Exchanges
2288:Japan
Address
21-3, Midori-cho, Takatsuki-shi, Osaka, JPN
Website
http://www.marudai.jp
Marudai Food Co Ltd is a food manufacturing company, which through its subsidiaries, is engaged in the manufacturing and sale of hams and sausages, including bone-less hams, bacon, wiener sausages, fish hams and sausages.