Century Pacific Food (PHS:CNPF) Momentum Rank : 0 (As of May. 23, 2024)

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What is Century Pacific Food Momentum Rank?

Century Pacific Food 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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Century Pacific Food (PHS:CNPF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Century Pacific Food Inc (PHS:CNPF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Julia Vargas corner Garnet Street, 7th, 8th, and 19th Floor Centerpoint Building, Ortigas Business Center, Metro Manila, Pasig, PHL, 1605

Website

https://www.centurypacific.com.ph

Century Pacific Food Inc is engaged in buying, selling, processing, canning, packaging, and manufacturing food products such as marine products, animal products, and agricultural crops. The business is divided into seven operating segments: Canned and Processed fish, which consists of tuna, sardines, and other marine products; Canned Meat, which consists of corned beef, meatloaf, and other meat products; Milk, which includes canned milk, powdered milk, and other dairy products; Tuna export which includes private label canned, pouched, and frozen tuna; Coco Water, which contains coconut beverages, coconut oil, and other coconut products; Packaging, which includes packaging products and Corporate, which covers management services and warehousing.

Century Pacific Food (PHS:CNPF) Headlines

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