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Vladimir Chemical Plant PJSC (MIC:VLHZ) Momentum Rank : 0 (As of Jun. 05, 2024)


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What is Vladimir Chemical Plant PJSC Momentum Rank?

Vladimir Chemical Plant 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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Vladimir Chemical Plant PJSC (MIC:VLHZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vladimir Chemical Plant PJSC (MIC:VLHZ) » Definitions » Momentum Rank
Comparable Companies
SHSE:600305 SHSE:603696 SZSE:003030 SZSE:002626 SZSE:002695 SZSE:002702 SHSE:603755 SHSE:605339 SZSE:300973 SHSE:605567 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
81 Bolshaya Nizhegorodskaya Street, Vladimir, RUS, 600000
Website
http://www.vhz.su
Vladimir Chemical Plant PJSC is engaged in producing Polyvinylchloride materials. The company also produces polyethers. Its products include Plasticized granulated polyvinylchloride and PVC sheet materials, PET films and fiberglass goods.

Vladimir Chemical Plant PJSC (MIC:VLHZ) Headlines

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