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Cocoa Processing Co (XGHA:CPC) Momentum Rank : 0 (As of May. 17, 2024)


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What is Cocoa Processing Co Momentum Rank?

Cocoa Processing Co 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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Cocoa Processing Co (XGHA:CPC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cocoa Processing Co Ltd (XGHA:CPC) » Definitions » Momentum Rank
Comparable Companies
XGHA:TBL XGHA:EGL XGHA:SOGEGH XGHA:CLYD XGHA:TOTAL XGHA:SIC MDLZ HSY XSWX:LISN XSWX:BARN XKRX:271560 TR TSE:2222 CAS:CSR TSE:2201 XKRX:004990 BOM:532670 BOM:500125 BOM:500038 IST:ULKER
Traded in Other Exchanges
N/A
Address
Heavy Industrial Area, Private Mail Bag, Tema, GHA
Website
http://www.goldentreeghana.com
Cocoa Processing Co Ltd manufactures chocolates, confectionery and semi-finished cocoa products such as cocoa butter, cocoa liquor, cocoa cake and cocoa powder from premium cocoa beans grown in Ghana.

Cocoa Processing Co (XGHA:CPC) Headlines

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