ENCE Energia y Celulosa (XMAD:ENC) Momentum Rank : 7 (As of May. 05, 2024)

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What is ENCE Energia y Celulosa Momentum Rank?

ENCE Energia y Celulosa has the Momentum Rank of 7.

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 ENCE Energia y Celulosa's Momentum Rank

For the Paper & Paper Products subindustry, ENCE Energia y Celulosa'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.

ENCE Energia y Celulosa's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, ENCE Energia y Celulosa's Momentum Rank distribution charts can be found below:

* The bar in red indicates where ENCE Energia y Celulosa's Momentum Rank falls into.

ENCE Energia y Celulosa Momentum Rank Related Terms

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ENCE Energia y Celulosa (XMAD:ENC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » ENCE Energia y Celulosa SA (XMAD:ENC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0K96:UK ENCA:Germany

Address

Beatriz de Bobadilla, 14, Madrid, ESP, 28040

Website

https://www.ence.es

ENCE Energia y Celulosa SA produces and sells pulp. The company owns and manages eucalyptus forests throughout Spain and harvests timber. The timber is transported to the firm's mills, where it produces pulp for sale to paper manufacturers. Over half of the company's pulp is sold to tissue paper producers. Other customers include manufacturers of specialty paper, printing and writing paper, and packaging paper. Ence also generates and sells electricity from forest biomass. The vast majority of revenue comes from Europe.

ENCE Energia y Celulosa (XMAD:ENC) Headlines

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