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Balai Ni Fruitas (PHS:BALAI) Momentum Rank : 0 (As of Jun. 05, 2024)


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What is Balai Ni Fruitas Momentum Rank?

Balai Ni Fruitas 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.

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Balai Ni Fruitas (PHS:BALAI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Balai Ni Fruitas Inc (PHS:BALAI) » Definitions » Momentum Rank
Comparable Companies
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Traded in Other Exchanges
N/A
Address
68 Data Street, Barangay Don Manuel, Metro Manila, Quezon City, PHL, 1113
Website
https://www.balainifruitas.com
Balai Ni Fruitas Inc is a food and beverage company that operates brands such as Balai Pandesal, Buko Ni Fruitas, and Fruitas House of Desserts. Its product offering comprises of fresh coconut-based beverages and desserts, healthy desserts, fresh fruit shakes, and juices, boba shakes, and milk tea.

Balai Ni Fruitas (PHS:BALAI) Headlines

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