Zignago Vetro SpA (FRA:ZVB) Momentum Rank : 5 (As of May. 14, 2024)

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What is Zignago Vetro SpA Momentum Rank?

Zignago Vetro SpA has the Momentum Rank of 5.

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 Zignago Vetro SpA's Momentum Rank

For the Packaging & Containers subindustry, Zignago Vetro SpA'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.

Zignago Vetro SpA's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zignago Vetro SpA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zignago Vetro SpA's Momentum Rank falls into.

Zignago Vetro SpA Momentum Rank Related Terms

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Zignago Vetro SpA (FRA:ZVB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zignago Vetro SpA (FRA:ZVB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ZV:Italy

Address

Via Ita Marzotto 8, Fossalta di Portogruaro, Venice, ITA, 30025

Website

https://www.zignagovetro.com

Zignago Vetro SpA operates in the glass production sector. It manufactures hollow glass containers for Food and Beverages and Cosmetics and Perfumery sectors. The business of the group is carried in various geographical locations such as Italy, European Union, North America and other areas. The business activities of the group are divided into Zignago Vetro SpA: carries the production activity of containers for both sectors, Zignago Vetro Brosse SAS: looks into the production of glass containers for perfumes; Zignago Vetro Polska SA: which undertakes the production of customized products for cosmetic and perfumery containers and also for food and beverage niche markets.

Zignago Vetro SpA (FRA:ZVB) Headlines

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