M P Evans Group (M P Evans Group) Momentum Rank : 4 (As of May. 05, 2024)

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What is M P Evans Group Momentum Rank?

M P Evans Group has the Momentum Rank of 4.

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.

Competitive Comparison of M P Evans Group's Momentum Rank

For the Farm Products subindustry, M P Evans Group's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

M P Evans Group's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, M P Evans Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where M P Evans Group's Momentum Rank falls into.

M P Evans Group Momentum Rank Related Terms

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M P Evans Group (M P Evans Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » M P Evans Group PLC (OTCPK:MPEVF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MPE.GB:UK MPE:UK NYP:Germany

Address

3 Clanricarde Gardens, Tunbridge Wells, Kent, GBR, TN1 1HQ

Website

https://www.mpevans.co.uk

M P Evans Group PLC operates oil palm and rubber plantations in Indonesia, beef-cattle operations in Australia, and oil-palm plantations and property development in West Malaysia. The company's business includes plantation crops in Indonesia, with a residual balance in Malaysia, cattle in Australia, and property development in Malaysia. It operates through segments namely, palm oil plantation crops in Indonesia and property development in Malaysia and Others. The company generates the majority of its revenue from palm oil plantation crops in Indonesia.

M P Evans Group (M P Evans Group) Headlines

From GuruFocus

Full Year 2023 M P Evans Group PLC Earnings Presentation - Online Transcript

By GuruFocus Research • 03-21-2024