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Rigolleau (BUE:RIGO) Momentum Rank : 0 (As of Apr. 29, 2024)


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What is Rigolleau Momentum Rank?

Rigolleau 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.

Rigolleau Momentum Rank Related Terms

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Rigolleau (BUE:RIGO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rigolleau SA (BUE:RIGO) » Definitions » Momentum Rank
Comparable Companies
BSP:EQPA3 BSP:CSRN3 BSP:GEPA3 BSP:CPFE3 BSP:EKTR3 BSP:CEEB3 BSP:TAEE3 BSP:EQMA3B BSP:CEBR3 BSP:NEOE3 PG XPAR:OR LSE:ULVR BOM:500696 CL LSE:RKT EL KMB KVUE XTER:BEI
Traded in Other Exchanges
N/A
Address
Lisandro de la Torre 1651, Berazategui, Buenos Aires, ARG, B1884MFK
Website
http://www.rigolleau.com.ar
Rigolleau SA is involved in the business of manufacturing glass products. The company has a line of products for household purpose consisting of glasses, crockery, jugs, kitchenware, and other items for the table. It also provides packaging services to food companies, beverage companies, pharmaceutical companies, and cosmetics companies.

Rigolleau (BUE:RIGO) Headlines

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