Compania Industrial El Volcan (XSGO:VOLCAN) Momentum Rank : 4 (As of May. 22, 2024)

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What is Compania Industrial El Volcan Momentum Rank?

Compania Industrial El Volcan 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 Compania Industrial El Volcan's Momentum Rank

For the Building Materials subindustry, Compania Industrial El Volcan'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.

Compania Industrial El Volcan's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Compania Industrial El Volcan's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Compania Industrial El Volcan's Momentum Rank falls into.

Compania Industrial El Volcan Momentum Rank Related Terms

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Compania Industrial El Volcan (XSGO:VOLCAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Compania Industrial El Volcan SA (XSGO:VOLCAN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Agustinas 1357, Piso 22, Santiago, CHL

Website

http://www.volcan.cl

Compania Industrial El Volcan SA is a producer and marketer of materials for construction in Chile, Peru, Colombia and Brazil. It supplies building materials and provides constructive solutions. Through its subsidiaries it produces plasterboard plates, mineral wool, glass wool, and many others. It also distributes mines gypsum and lime. Its products include Perimeter walls, Finishing the facade, Plates for wet areas, High hardness / impact plates, Plates with built-in color, Thermal insulation, Insulation of boilers and ponds, Insulation for pipes, Insulation for industrial sheds.

Compania Industrial El Volcan (XSGO:VOLCAN) Headlines

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