Quinenco (XSGO:QUINENCO) Momentum Rank

: 7 (As of Today)

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Quinenco has the Momentum Rank of 7.

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

For the Conglomerates subindustry, Quinenco'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.

Quinenco Momentum Rank Distribution

For the Conglomerates industry and Industrials sector, Quinenco's Momentum Rank distribution charts can be found below:

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

Quinenco Momentum Rank Related Terms

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Quinenco (XSGO:QUINENCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Quinenco SA (XSGO:QUINENCO) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Enrique Foster Sur 20, Piso 14 Las Condes, Santiago, CHL

Website

http://www.quinenco.cl

Quinenco SA is a Chilean business conglomerate. The group operates businesses in financial services, beverages and food, manufacturing, transport, energy, and port and shipping services. The largest segment by net income, financial services, consists primarily of the participation in Banco de Chile. The bank provides retail and wholesale banking services in Chile. Other business participations include a beverage and food distribution company with presence in South America, a French power-cable producer, a Latin American flexible-packaging producer, a Chilean fuel and lubricant distributor, a German container shipping operator, and a South American port operator.

Quinenco (XSGO:QUINENCO) Headlines

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