Cherrybro Co (XKRX:066360) Momentum Rank : 4 (As of Jun. 21, 2024)

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What is Cherrybro Co Momentum Rank?

Cherrybro Co has the Momentum Rank of 4.

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 Cherrybro Co's Momentum Rank

For the Packaged Foods subindustry, Cherrybro 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.

Cherrybro Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cherrybro Co's Momentum Rank distribution charts can be found below:

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

Cherrybro Co Momentum Rank Related Terms

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Cherrybro Co (XKRX:066360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cherrybro Co Ltd (XKRX:066360) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

1770, Saenggeojincheon-ro Iwol-myeon, Jincheon-gun, Chungbuk, Incheon, KOR

Website

http://www.cherrybro.com

Cherrybro Co Ltd is a chicken company. It is engaged in breeding, production, distribution, and research and development division. The company also conducts testing and consulting on poultry disease for outdoor farmers, and clinical trials for veterinary drugs. Its product offerings include kokhen, crispy chicken, mountain chickens, cheery duck, Jeju chicken, chicken nuggets, smoked cherry duck, lower wing, among others.

Cherrybro Co (XKRX:066360) Headlines

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