MGP Ingredients (FRA:M1I) Momentum Rank : 1 (As of May. 13, 2024)

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What is MGP Ingredients Momentum Rank?

MGP Ingredients has the Momentum Rank of 1.

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 MGP Ingredients's Momentum Rank

For the Beverages - Wineries & Distilleries subindustry, MGP Ingredients'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.

MGP Ingredients's Momentum Rank Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, MGP Ingredients's Momentum Rank distribution charts can be found below:

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

MGP Ingredients Momentum Rank Related Terms

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MGP Ingredients (FRA:M1I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » MGP Ingredients Inc (FRA:M1I) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MGPI:USA

Address

100 Commercial Street, P.O. Box 130, Atchison, KS, USA, 66002

Website

https://www.mgpingredients.com

MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Distillery Solutions provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery Solutions segment.

MGP Ingredients (FRA:M1I) Headlines

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