Lotte Shopping Co (XKRX:023530) Momentum Rank : 1 (As of May. 05, 2024)

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What is Lotte Shopping Co Momentum Rank?

Lotte Shopping Co has the Momentum Rank of 1.

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 Lotte Shopping Co's Momentum Rank

For the Department Stores subindustry, Lotte Shopping Co'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.

Lotte Shopping Co's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lotte Shopping Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lotte Shopping Co's Momentum Rank falls into.

Lotte Shopping Co Momentum Rank Related Terms

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Lotte Shopping Co (XKRX:023530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lotte Shopping Co Ltd (XKRX:023530) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

1, Sogong-dong, Joong-gu, Seoul, KOR, 100-721

Website

http://www.lotteshopping.com

Lotte Shopping Co Ltd is a Korean retailer with operations in Russia, China, Vietnam, and Indonesia. The company's portfolio consists of both offline and online channels in diverse business areas: retail, food, pharmaceuticals, tourism, real estate, finance and insurance, petrochemicals, chemicals, machinery, electronics, advertising, communications, manufacturing, logistics, and vehicle rental. Nonetheless, the group's reportable segments are as follows: department stores (retail), discount stores (retail), its finance business, consumer electronics retail, convenience stores, and others.

Lotte Shopping Co (XKRX:023530) Headlines

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