Internacional de CeramicaB de CV (Internacional de CeramicaB de CV) Momentum Rank : 0 (As of Jun. 16, 2024)

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What is Internacional de CeramicaB de CV Momentum Rank?

Internacional de CeramicaB de CV 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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Internacional de CeramicaB de CV (Internacional de CeramicaB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Internacional de Ceramica SAB de CV (GREY:ICMVF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CERAMICB:Mexico

Address

Avenue Carlos Pacheco 7200 Chih, Sector 26, Chihuahua, MEX, 31060

Website

http://www.interceramic.com

Internacional de Ceramica SAB de CV sells the products of floors, tiles, installation materials, bathroom furniture, kitchen and complementary items that are distributed in our more than 300 sales centers nationwide.

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