Alliance Select Foods International (PHS:FOOD) Momentum Rank : 5 (As of Dec. 12, 2024)

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What is Alliance Select Foods International Momentum Rank?

Alliance Select Foods International has the Momentum Rank of 5.

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 Alliance Select Foods International's Momentum Rank

For the Packaged Foods subindustry, Alliance Select Foods International'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.

Alliance Select Foods International's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Alliance Select Foods International's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Alliance Select Foods International's Momentum Rank falls into.

Alliance Select Foods International Momentum Rank Related Terms

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Alliance Select Foods International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Alliance Select Foods International Inc (PHS:FOOD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Exchange Road, West Tower, Tektite Towers, Suite 3104 A, Ortigas Business District, Pasig, PHL, 1605

Website

http://www.allianceselectfoods.com

Alliance Select Foods International Inc is engaged in tuna processing, canning, and exporting canned tuna products in General Santos City, Philippines. The company's products are exported to Europe, North and South America, Asia, Africa, and the Middle East. It produces and sells fishmeal to the domestic market and traders. Its segments are Tune, Salomon and Rental. The majority of the revenue is derived from the sale of canned tuna. It has a business presence in the Philippines, Indonesia, USA and New Zealand, of which key revenue is derived from the Philippines.

Alliance Select Foods International Headlines

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