Yara International ASA (Yara International ASA) Momentum Rank : 4 (As of Apr. 29, 2024)

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What is Yara International ASA Momentum Rank?

Yara International ASA has the Momentum Rank of 4.

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 Yara International ASA's Momentum Rank

For the Agricultural Inputs subindustry, Yara International ASA'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.

Yara International ASA's Momentum Rank Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Yara International ASA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Yara International ASA's Momentum Rank falls into.

Yara International ASA Momentum Rank Related Terms

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Yara International ASA (Yara International ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Yara International ASA (OTCPK:YARIY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

YRAIF:USA YARo:Sweden YAR:Norway YARo:UK 0O7D:UK IU20:Germany IU2:Germany IU2:Germany

Address

Drammensveien 131, Oslo, NOR, 0277

Website

https://www.yara.com

Yara International ASA is a Crop nutrition company. The company converts natural gas into nitrogen products. It is engaged in the production of ammonia, mineral fertilizers, and industrial products. The firm also develops and markets environmental solutions and essential products for industrial applications. It markets and distributes a complete range of crop nutrition products and programs globally. The fertilizers and crop nutrition programs help to produce the food required for the growing world population. Industrial products and solutions reduce emissions, improve air quality and support safe and efficient operations.

Yara International ASA (Yara International ASA) Headlines

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