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Sipsa Sociedad Anonima (XSGO:SIPSA) Momentum Rank : 0 (As of Apr. 26, 2024)


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What is Sipsa Sociedad Anonima Momentum Rank?

Sipsa Sociedad Anonima 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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Sipsa Sociedad Anonima (XSGO:SIPSA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sipsa Sociedad Anonima (XSGO:SIPSA) » Definitions » Momentum Rank
Comparable Companies
XSGO:QUILICURA XSGO:TRICAHUE XSGO:COPEVAL ADX:IHC HON TSE:8058 TSE:6501 TSE:8031 TSE:8001 MMM ADX:ALPHADHABI HKSE:00267 TSE:8002 TSE:8053 TSE:4901 HKSE:00001 TSE:8015 TSE:6971 BSP:ITSA3 GCARSOA1
Traded in Other Exchanges
N/A
Address
Av. The North Forest 0440 Of 1101, Santiago, CHL
Website
Sipsa Sociedad Anonima is an investment holding company. The company through its holdings is engaged in shipping, real estate sectors and provides logistics and transportation services to companies engaged in petroleum production on the coasts of Brazil.

Sipsa Sociedad Anonima (XSGO:SIPSA) Headlines

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