Huhtamaki Oyj (OHEL:HUH1V) Momentum Rank : 8 (As of Dec. 14, 2024)

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What is Huhtamaki Oyj Momentum Rank?

Huhtamaki Oyj has the Momentum Rank of 8.

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 Huhtamaki Oyj's Momentum Rank

For the Packaging & Containers subindustry, Huhtamaki Oyj'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.

Huhtamaki Oyj's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Huhtamaki Oyj's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Huhtamaki Oyj's Momentum Rank falls into.

Huhtamaki Oyj Momentum Rank Related Terms

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Huhtamaki Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Huhtamaki Oyj (OHEL:HUH1V) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HUH1Vh:UK 0K9W:UK HUKI:Germany

Address

Revontulenkuja 1, Espoo, FIN, 02100

Website

https://www.huhtamaki.com

Huhtamäki Oyj, a Finland-based company, manufactures and sells consumer packaging products through three segments. The Fiber Foodservice Europe, Asia, and Oceania segment specializes in high-quality paperboard and molded fiber packaging for fresh food and beverages. The company serves retail tableware, food service, and consumer goods packaging markets in North America. The Flexible Packaging segment offers a variety of products including light and flexible packaging materials, pouches, labels for food and beverages, coffee packaging, pet food packaging, barrier packaging, retort pouches, and healthcare product packaging.

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