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MILSY AS (XBRA:1MIL401E) Momentum Rank : 0 (As of Jun. 22, 2024)


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What is MILSY AS Momentum Rank?

MILSY AS 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.

MILSY AS Momentum Rank Related Terms

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MILSY AS (XBRA:1MIL401E) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MILSY AS (XBRA:1MIL401E) » Definitions » Momentum Rank
Comparable Companies
BOM:532359 BOM:540698 BOM:511153 BOM:519483 WAR:ROV BOM:539528 BOM:532070 WAR:ESK BOM:539291 BOM:534708 BOM:541741 NZSE:VIL BOM:531982 WAR:NCT IST:KRSAN XBRU:FOU IST:ALYAG XPAR:TOU TSE:9941 TSE:2586
Traded in Other Exchanges
N/A
Address
Partizanska 224 / B, Banovce nad Bebravou, SVK, 957 01
Website
http://www.milsy.sk
MILSY AS is a commercial food company. The company is oriented towards the treatment and processing of milk, the processing of fresh dairy products for daily use, but mainly the production of smoked and unsmoked steamed cheese and spread in different flavors. Its product portfolio includes smooth yogurts, spreads, born courses eat, cream, gastro, and other products.

MILSY AS (XBRA:1MIL401E) Headlines

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