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Standard Foods (Standard Foods) Momentum Rank : 8 (As of Jun. 22, 2024)


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What is Standard Foods Momentum Rank?

Standard Foods 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 Standard Foods's Momentum Rank

For the Packaged Foods subindustry, Standard Foods'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.


Standard Foods's Momentum Rank Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Standard Foods's Momentum Rank falls into.



Standard Foods Momentum Rank Related Terms

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Standard Foods (Standard Foods) Business Description

Traded in Other Exchanges
Address
No. 610, Ruiguang Road, 10th Floor, Neihu District, Taipei, TWN
Standard Foods Corp manufactures and sells nutritional products, cooking oil, dairies, and beverages. The company primarily operates in Taiwan and mainland China. Standard Foods' key product lines include oats products, grain-blended beverages, and dairy products. The segments of the company are Standard Foods segment, Standard Dairy Products segment, China Standard segment, and Other segments.

Standard Foods (Standard Foods) Headlines

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