Grupo Aeroportuario del PacificoB de CV (BUE:PAC) Momentum Rank : 0 (As of Jun. 06, 2024)

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What is Grupo Aeroportuario del PacificoB de CV Momentum Rank?

Grupo Aeroportuario del PacificoB de CV 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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Grupo Aeroportuario del PacificoB de CV (BUE:PAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grupo Aeroportuario del Pacifico SAB de CV (BUE:PAC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GPAEF:USA PAC:USA GAPB:Mexico G9N1:Germany G9N1:Germany G9N:Germany

Address

Avenida Mariano Otero No. 1249-B, Torre Pacifico, 6th Floor, Col. Rinconada del Bosque, Guadalajara, JAL, MEX, 44530

Website

https://www.aeropuertosgap.com.mx

Grupo Aeroportuario del Pacifico SAB de CV is engaged in the construction, development, and operation of airports in Mexico. The company's segment includes Guadalajara; Tijuana; Puerto Vallarta; San Jose del Cabo; Montego Bay; Hermosillo; Guanajuato and Other Airports. It generates maximum revenue from the Guadalajara segment.