Royal UNIBREW A/S (OCSE:RBREW) Momentum Rank : 2 (As of May. 07, 2024)

View and export this data going back to 1993. Start your Free Trial

What is Royal UNIBREW A/S Momentum Rank?

Royal UNIBREW A/S has the Momentum Rank of 2.

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 Royal UNIBREW A/S's Momentum Rank

For the Beverages - Brewers subindustry, Royal UNIBREW A/S'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.

Royal UNIBREW A/S's Momentum Rank Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Royal UNIBREW A/S's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Royal UNIBREW A/S's Momentum Rank falls into.

Royal UNIBREW A/S Momentum Rank Related Terms

Thank you for viewing the detailed overview of Royal UNIBREW A/S's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Royal UNIBREW A/S (OCSE:RBREW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Royal UNIBREW A/S (OCSE:RBREW) » Definitions » Momentum Rank

Traded in Other Exchanges

RBREWc:UK 0R6Z:UK 0R1:Germany

Address

Faxe Alle 1, Faxe, DNK, DK-4640

Website

https://www.royalunibrew.com

Royal UNIBREW A/S produces and sells alcoholic and nonalcoholic beverages including beer, malt beverages, cider, soft drinks, juice, and water. The company operating segments are Northern Europe, Western Europe and International. The vast majority of the company's revenue comes from its Northern Europe segment, which includes Denmark, Germany, and Italy, Finland, Latvia, Lithuania, and Estonia.

Royal UNIBREW A/S (OCSE:RBREW) Headlines

No Headlines