Bonduelle (XPAR:BON) Momentum Rank : 1 (As of May. 16, 2024)

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What is Bonduelle Momentum Rank?

Bonduelle has the Momentum Rank of 1.

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 Bonduelle's Momentum Rank

For the Packaged Foods subindustry, Bonduelle'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.

Bonduelle's Momentum Rank Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Bonduelle's Momentum Rank falls into.

Bonduelle Momentum Rank Related Terms

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Bonduelle (XPAR:BON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bonduelle SA (XPAR:BON) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0N75:UK BDU:Germany

Address

Rue Nicolas Appert - BP 30173, Villeneuve d’Ascq, FRA, 59653

Website

http://www.bonduelle.com

Bonduelle SA is engaged in the packaged foods industry in France. Its business mainly involves the processing and sale of packaged vegetables. The company sells its products in three forms, which are canned, frozen and fresh processed vegetables, as well as ready-to-eat dishes. It markets its products under the Bonduelle, Cassegrain, Frudesa, Salto, and Arctic Gardens brands globally. The operating business segments are the Europe Zone and NonEurope Zone. It generates maximum revenue from the Non-Europe Zone segment.