SALRF (SalMar ASA) Momentum Rank : 5 (As of Mar. 26, 2025)

View and export this data going back to 2018. Start your Free Trial

What is SalMar ASA Momentum Rank?

SalMar ASA has the Momentum Rank of 5.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of SalMar ASA's Momentum Rank

For the Farm Products subindustry, SalMar ASA'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.

SalMar ASA's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SalMar ASA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where SalMar ASA's Momentum Rank falls into.

Save Embed

SalMar ASA Momentum Rank Related Terms

Thank you for viewing the detailed overview of SalMar ASA's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

SalMar ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SalMar ASA (OTCPK:SALRF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SALRY:USA SALMO:Sweden SALM:Norway SALMo:UK 0FWY:UK JEP:Germany

Address

Industriveien 51, Kverva, NOR, 7266

Website

https://www.salmar.no

SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make it more convenient for customers. The salmon are sold through an in-house salesforce and through close partners of the company. Proximity to customers and tracking the use of resources plays a factor in delivering the raw material.