Restaurant Brands NZ (ASX:RBD) Momentum Rank : 3 (As of Apr. 24, 2024)

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What is Restaurant Brands NZ Momentum Rank?

Restaurant Brands NZ has the Momentum Rank of 3.

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 Restaurant Brands NZ's Momentum Rank

For the Restaurants subindustry, Restaurant Brands NZ'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.

Restaurant Brands NZ's Momentum Rank Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands NZ's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Restaurant Brands NZ's Momentum Rank falls into.

Restaurant Brands NZ Momentum Rank Related Terms

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Restaurant Brands NZ (ASX:RBD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Restaurant Brands NZ Ltd (ASX:RBD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RTBRF:USA RBD:New Zealand

Address

666 Great South Road, Level 3, Level 3, Building 7, Central Park, Penrose, Auckland, NTL, NZL, 1051

Website

https://www.restaurantbrands.co.nz

Restaurant Brands NZ Ltd, together with its subsidiaries, operates quick service and takeaway restaurant concepts. The company's business includes KFC and Carl's Jr. It has various brands, consisting of KFC New Zealand, KFC Australia, Taco Bell, and Carl's Jr. stores. The company has purchased approximately more than 90 KFC stores in New South Wales, Australia, and also acquired the New Zealand franchise for Carl's Jr.

Restaurant Brands NZ (ASX:RBD) Headlines

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