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Carlsberg AS (WBO:CARL) Momentum Rank : 2 (As of Dec. 12, 2024)


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What is Carlsberg AS Momentum Rank?

Carlsberg AS has the Momentum Rank of 2.

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 Carlsberg AS's Momentum Rank

For the Beverages - Brewers subindustry, Carlsberg AS'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.

Carlsberg AS's Momentum Rank Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg AS's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Carlsberg AS's Momentum Rank falls into.


Carlsberg AS Momentum Rank Related Terms

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Carlsberg AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Carlsberg AS (WBO:CARL) » Definitions » Momentum Rank
Comparable Companies
OCSE:RBREW OCSE:HARB B OCSE:ALEFRM XBRU:ABI XAMS:HEIA STZ BSP:ABEV3 MEX:FEMSAUBD XAMS:HEIO TSE:2502 SHSE:605499 HKSE:01876 HKSE:00291 TSE:2503 SHSE:600600 TAP TSX:TPX.B BOM:532478 XZIM:DLTA.ZW SHSE:600132
Traded in Other Exchanges
CABHF:USA CABJF:USA CABGY:USA CARLBc:UK 0AI4:UK CARL B:Denmark CARL A:Denmark CBGB:Germany
Address
J.C. Jacobsens Gade 1, Copenhagen, DNK, 1799
Website
https://www.carlsberggroup.com
Carlsberg is the fourth-largest brewer in the world following the combination of Anheuser-Busch InBev and SABMiller, with major operations in Europe and Asia. It holds leading share in Scandinavia, Switzerland, Portugal, Laos, Nepal, and parts of western China. Its key brands include Carlsberg, 1664, Tuborg, Holsten, and Somersby. The company's 2023 beverage volume, excluding Russia, was split among Northern and Western Europe (35%), Eastern Europe (26%), and Asia (39%).

Carlsberg AS Headlines

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