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Ice Steam Rus PJSC (MIC:SIBG) Momentum Rank : 0 (As of May. 06, 2024)


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What is Ice Steam Rus PJSC Momentum Rank?

Ice Steam Rus PJSC 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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Ice Steam Rus PJSC (MIC:SIBG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ice Steam Rus PJSC (MIC:SIBG) » Definitions » Momentum Rank
Comparable Companies
TSE:3469 TSE:3242 TSE:3475 TSE:2987 TSE:8923 TSE:3246 TSE:8927 TSE:9639 TSE:8995 TSE:3280 ADX:IHC ADM SZSE:002714 TSN SHSE:600438 SGX:F34 BG SZSE:300498 OSL:MOWI BOM:543458
Traded in Other Exchanges
N/A
Address
Street Professor Popov, 37, Saint Petersburg, RUS, 197022
Website
https://www.siberiangostinec.ru
Ice Steam Rus PJSC, formerly Sibirskiy gostinets PAO is engaged in producing wild berries. The frozen dried berries can be consumed directly as food, after reconstitution with water, and used for cooking, salad, berry drinks, and fruit drinks.

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