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Hyundai Green food Co (XKRX:453340) Momentum Rank : 0 (As of Jun. 25, 2024)


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What is Hyundai Green food Co Momentum Rank?

Hyundai Green food 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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Hyundai Green food Co (XKRX:453340) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Hyundai Green food Co Ltd (XKRX:453340) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
30 Munin-ro, Suji-gu, Gyeonggi-do (Dongcheon-dong), Yongin-si, KOR, 16827
Website
https://www.hyundaigreenfood.com
Hyundai Green food Co Ltd is a food company involved in various business areas, including catering, food material distribution, retail, dining out, and healthy food. It is engaged in business to the customer such as retail, restaurant and manufacturing and business to business such as group catering and food distribution.

Hyundai Green food Co (XKRX:453340) Headlines

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