VitroB de CV (VitroB de CV) Momentum Rank : 6 (As of May. 26, 2024)

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What is VitroB de CV Momentum Rank?

VitroB de CV has the Momentum Rank of 6.

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 VitroB de CV's Momentum Rank

For the Building Materials subindustry, VitroB de CV'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.

VitroB de CV's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, VitroB de CV's Momentum Rank distribution charts can be found below:

* The bar in red indicates where VitroB de CV's Momentum Rank falls into.

VitroB de CV Momentum Rank Related Terms

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VitroB de CV (VitroB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Vitro SAB de CV (OTCPK:VITOF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

VITROA:Mexico

Address

Avenida Ricardo Margain Zozaya No. 400, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, MEX, 66265

Website

https://www.vitro.com

Vitro SAB de CV is a glass manufacturing company. The company is principally engaged in the production, processing, distribution, and marketing range of glassware. Its reportable segment includes Flat glass; Chemicals and Glass containers. Flat glass is used for the construction and automotive industries, carbonate, and sodium bicarbonate products. Its Glass containers are used in precision components, as well as machinery and molds for the glass industry. The company derives the maximum revenue from the Flat Glass segment. Geographically, it generates a majority of its revenue from the USA.

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