METRO AG (WBO:MEO) Momentum Rank : 2 (As of Apr. 26, 2024)

View and export this data going back to 2017. Start your Free Trial

What is METRO AG Momentum Rank?

METRO AG has the Momentum Rank of 2.

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 METRO AG's Momentum Rank

For the Food Distribution subindustry, METRO AG'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.

METRO AG's Momentum Rank Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, METRO AG's Momentum Rank distribution charts can be found below:

* The bar in red indicates where METRO AG's Momentum Rank falls into.

METRO AG Momentum Rank Related Terms

Thank you for viewing the detailed overview of METRO AG's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

METRO AG (WBO:MEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » METRO AG (WBO:MEO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0RTE:UK B4B:Germany

Address

Metro-Strasse 1, Dusseldorf, NW, DEU, 40235

Website

https://www.metroag.de

METRO AG operates as a food service company. It is active in the self-service wholesale trade with the brands METRO and MAKRO as well as in the delivery sales with the METRO delivery service, and the supply specialists Classic Fine Foods, Pro a Pro, and Rungis Express. Its business consists of segments which include METRO Germany, METRO Western Europe, METRO Russia, METRO Eastern Europe, and others. The other segment includes Hospitality Digital, the business unit that bundles the group's digitalization initiatives. It also includes service companies that provide group-wide services in the areas of real estate, logistics, information technology, advertising, and procurement.

METRO AG (WBO:MEO) Headlines

No Headlines