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Cakovecki Mlinovi DD (ZAG:CKML) Momentum Rank : 0 (As of May. 29, 2024)


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What is Cakovecki Mlinovi DD Momentum Rank?

Cakovecki Mlinovi DD 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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Cakovecki Mlinovi DD (ZAG:CKML) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cakovecki Mlinovi DD (ZAG:CKML) » Definitions » Momentum Rank
Comparable Companies
ZAG:SAPN ZAG:DLKV ZAG:LPLH ZAG:LKRI ZAG:HPB ZAG:ERNT ZAG:ATGR ZAG:KRAS ZAG:RIVP XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF BIMBOA
Traded in Other Exchanges
N/A
Address
Mlinska 1, Cakovec, HRV, 40000
Website
http://www.cak-mlinovi.hr
Cakovecki Mlinovi DD is engaged in production and trade of food products. The company's activity includes milling, bakery, and pumpkin oil production. Some of its products are frozen puff pastry, tea biscuits, steamed white bread, wheat white bread, mini pizza, chocolate croissant, walnut loaf cake, cheese cornbread, and others.

Cakovecki Mlinovi DD (ZAG:CKML) Headlines

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