Agrana Beteiligungs AG (WBO:AGR) Momentum Rank : 2 (As of May. 19, 2024)

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What is Agrana Beteiligungs AG Momentum Rank?

Agrana Beteiligungs AG 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 Agrana Beteiligungs AG's Momentum Rank

For the Packaged Foods subindustry, Agrana Beteiligungs AG'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.

Agrana Beteiligungs AG's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Agrana Beteiligungs AG's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Agrana Beteiligungs AG's Momentum Rank falls into.

Agrana Beteiligungs AG Momentum Rank Related Terms

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Agrana Beteiligungs AG (WBO:AGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Agrana Beteiligungs AG (WBO:AGR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AGB2:Germany

Address

Friedrich-Wilhelm-Raiffeisen-Platz 1, Vienna, AUT, A-1020

Website

https://www.agrana.com

Agrana Beteiligungs AG is a processor of raw materials that manufactures foods and intermediate products for the downstream food industry as well as for non-food applications. The company operates in three segments Sugar, Starch, and Fruit. The Sugar segment processes sugar beet from contract growers and also refines raw sugar purchased. The Starch segment processes and refines raw materials grown by contract farmers or purchased in the open market mainly corn, wheat, and potatoes into premium starch products. The Fruit segment, which is the key revenue driver, custom designs and produces fruit preparations and fruit juice concentrates. The company derives its revenue from Austria, Hungary, Romania and Rest of Europe.

Executives

Mag. Stephan Büttner

Board of Directors