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InRetail Peru (LIM:INRETC1) Momentum Rank : 0 (As of May. 19, 2024)


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What is InRetail Peru Momentum Rank?

InRetail Peru 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.

InRetail Peru Momentum Rank Related Terms

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InRetail Peru (LIM:INRETC1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » InRetail Peru Corp (LIM:INRETC1) » Definitions » Momentum Rank
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Traded in Other Exchanges
INREF:USA
Address
Calle Morelli 181, San Borja, Lima, PER
Website
https://www.inretail.pe
InRetail Peru Corp is a Peru-based company engaged in the development of retail businesses. The company's reportable segments include Food Retail; Pharmacies; Distribution; Shopping Malls, and Digital. It generates the majority of its revenue from the Food Retail segment. Geographically, it derives a majority of its revenue from Peru and also has a presence in Ecuador and Other countries. The company brands include Plaza Vea, Plaza Vea Super, Plaza Vea Express, Vivanda, Mass, and Makro brands.

InRetail Peru (LIM:INRETC1) Headlines

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