The Kroger Co (LTS:0JS2) Momentum Rank : 5 (As of May. 04, 2024)

View and export this data going back to 2018. Start your Free Trial

What is The Kroger Co Momentum Rank?

The Kroger Co has the Momentum Rank of 5.

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 The Kroger Co's Momentum Rank

For the Grocery Stores subindustry, The Kroger Co'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.

The Kroger Co's Momentum Rank Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, The Kroger Co's Momentum Rank distribution charts can be found below:

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

The Kroger Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of The Kroger Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

The Kroger Co (LTS:0JS2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » The Kroger Co (LTS:0JS2) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KR:USA KR:Mexico 1KR:Italy KOG:Germany K1RC34:Brazil KR:Austria

Address

1014 Vine Street, Cincinnati, OH, USA, 45202

Website

https://www.thekrogerco.com

Kroger is the leading U.S. grocer, with 2,719 supermarkets operating under several banners throughout the country at the end of fiscal 2022. Around 83% of stores have pharmacies, while nearly 60% also sell fuel. The company also operates roughly 120 fine jewelry stores. Kroger features a leading private-label offering and manufactures around 30% of its own-brand units (and more than 40% of its grocery own-label assortment) itself in 33 food production plants nationwide. Kroger is a top-two grocer in most of its major markets (as of early 2021, according to company data). Virtually all of Kroger's sales come from the United States. Kroger has offered to acquire Albertsons in a $25 billion deal; if the transaction is approved by regulators, it should close in 2024.

The Kroger Co (LTS:0JS2) Headlines

No Headlines