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Vanet Gidanayi Ic ve Dis Ticaret AS (IST:VANGD) Momentum Rank : 0 (As of Jun. 04, 2024)


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What is Vanet Gidanayi Ic ve Dis Ticaret AS Momentum Rank?

Vanet Gidanayi Ic ve Dis Ticaret AS 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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Vanet Gidanayi Ic ve Dis Ticaret AS (IST:VANGD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Vanet Gida Sanayi Ic ve Dis Ticaret AS (IST:VANGD) » Definitions » Momentum Rank
Comparable Companies
ISX:FMII ISX:HOMI ISX:BSBK ISX:URBN ISX:SAGE ISX:AMAN ISX:DILD ISX:POLL ISX:ADCP ISX:LPCK SYY XLIS:JMT LSE:BNZL USFD PFGC BKK:CPAXT JSE:BID BSP:CRFB3 SGX:VC2 ADX:GHITHA
Traded in Other Exchanges
N/A
Address
Re?adiye Caddesi, Cumhuriyet Köyü No-18, Beykoz, Istanbul, TUR
Website
http://www.vanet.com.tr
Vanet Gida Sanayi Ic ve Dis Ticaret A.S. a supplier of various meat and deli products. Its products include meat carcass, turkey products, sausage, pastrami, ham, tripe, and a range of other meat products.

Vanet Gidanayi Ic ve Dis Ticaret AS (IST:VANGD) Headlines

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