Multiexport Foods (XSGO:MULTI X) Momentum Rank : 7 (As of May. 29, 2024)

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What is Multiexport Foods Momentum Rank?

Multiexport Foods has the Momentum Rank of 7.

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 Multiexport Foods's Momentum Rank

For the Farm Products subindustry, Multiexport Foods'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.

Multiexport Foods's Momentum Rank Distribution in the Consumer Packaged Goods Industry

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

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

Multiexport Foods Momentum Rank Related Terms

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Multiexport Foods (XSGO:MULTI X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Multiexport Foods SA (XSGO:MULTI X) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Avenida Cardonal 2501, Puerto Montt, CHL

Website

http://www.multiexportfoods.com

Multiexport Foods SA is an aquaculture company. Its activities include farming, processing, and distribution of Atlantic salmon, trout, mussels, frozen and smoked fish products. The company serves supermarkets, and food service chains. It has presence in Japan, the United States, Central Europe and Russia, as well as in the emerging markets, China, Korea, Southeast Asia and Latin America.

Multiexport Foods (XSGO:MULTI X) Headlines

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