GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Winpak Ltd (OTCPK:WIPKF) » Definitions » Momentum Rank

WIPKF (Winpak) Momentum Rank : 0 (As of Dec. 12, 2024)


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

What is Winpak Momentum Rank?

Winpak 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.

Winpak Momentum Rank Related Terms

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

Winpak Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Winpak Ltd (OTCPK:WIPKF) » Definitions » Momentum Rank
Comparable Companies
TSX:TCL.A TSX:CAS TSX:RPI.UN TSX:SXP TSXV:IFX TSXV:NEXE TSXV:PRH TSXV:GDNP.H TSX:CCL.A SW PKG IP BALL AVY AMCR CCK LSE:SMDS GPK BERY XSWX:SIGN
Traded in Other Exchanges
25W:Germany 25W:Germany WPK:Canada
Address
100 Saulteaux Crescent, Winnipeg, MB, CAN, R3J 3T3
Website
https://www.winpak.com
Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used primarily for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery. The flexible packaging segment includes modified atmosphere packaging, specialty films, and biaxially oriented nylon product groups. The rigid packaging and flexible lidding segment include rigid containers, lidding, and specialized printed packaging product groups. The company's geographical segments include the United States, Canada, Mexico & others.