INAPA Inapa Investimentos Participacoes e Gestao (STU:IPB) Momentum Rank : 0 (As of May. 26, 2024)

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What is INAPA Inapa Investimentos Participacoes e Gestao Momentum Rank?

INAPA Inapa Investimentos Participacoes e Gestao has the Momentum Rank of 0.

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.

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INAPA Inapa Investimentos Participacoes e Gestao (STU:IPB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » INAPA Inapa Investimentos Participacoes e Gestao SA (STU:IPB) » Definitions » Momentum Rank

Traded in Other Exchanges

INA:Portugal

Address

Rua Braamcamp, 40, 9ºD, Lisbon, PRT, 1250-050

Website

https://www.inapa.com

INAPA Inapa Investimentos Participacoes e Gestao SA is engaged in the paper distribution in Europe. It operates in the Paper, Packaging, and Visual Communication segments. Its portfolio for graphics and office industry products consists of paper, printing and office consumables, and logistics services. Inapa, alongside the distribution of packaging materials, also develops technologies and various packaging concepts. The paper segment contributes to the majority of revenue. The geographical segments include Germany, France, Portugal, Spain, and others.

INAPA Inapa Investimentos Participacoes e Gestao (STU:IPB) Headlines

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