Distell Group Holdings (JSE:DGH) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is Distell Group Holdings Momentum Rank?

Distell Group Holdings 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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Distell Group Holdings (JSE:DGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Distell Group Holdings Ltd (JSE:DGH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aan-de-Wagenweg, Stellenbosch, WC, ZAF, 7600

Website

https://www.distell.co.za

Distell Group Holdings Ltd makes and distributes wine, spirits, ciders, and ready-to-drink beverages under dozens of brand names. Its top brands include Amarula, 4th Street, Hunter's Klipdrift, Nederburg, Richelieu, Savanna, Viceroy, and J.C. Le Roux. Nearly three-fourths of the company's sales are generated in South Africa. Its remaining sales are split roughly evenly between the rest of Africa and all other continents. Distell produces most of its products in South Africa and has additional production facilities in France, Scotland, and Ghana.

Distell Group Holdings (JSE:DGH) Headlines

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