GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gia lai Coffee JSC (HSTC:FGL) » Definitions » Momentum Rank

Gia lai Coffee JSC (HSTC:FGL) Momentum Rank : 0 (As of Jun. 14, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Gia lai Coffee JSC Momentum Rank?

Gia lai Coffee JSC 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.

Gia lai Coffee JSC Momentum Rank Related Terms

Thank you for viewing the detailed overview of Gia lai Coffee JSC's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Gia lai Coffee JSC (HSTC:FGL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gia lai Coffee JSC (HSTC:FGL) » Definitions » Momentum Rank
Comparable Companies
Traded in Other Exchanges
N/A
Address
97 Pham Van Dong / Yet Kieu, Thong Nhat Ward, Gia Lai Province, Pleiku City, VNM
Website
http://www.gialaicoffee.com.vn
Gia lai Coffee JSC is engaged in growing coffee, pepper, trading in agricultural products for export (except rubber latex), wholesale of agricultural raw materials (except wood, bamboo) and live animals, trading in fertilizers used in agriculture, roasting and filtering coffee, producing coffee products.

Gia lai Coffee JSC (HSTC:FGL) Headlines

From GuruFocus

F&G Finds Nearly Three in Four American Investors Steering Clear of Risks Since COVID-19

By PRNewswire PRNewswire • 10-27-2020