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Ultrapar Participacoes (BUE:UGP) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is Ultrapar Participacoes Momentum Rank?

Ultrapar Participacoes 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.

Ultrapar Participacoes Momentum Rank Related Terms

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Ultrapar Participacoes (BUE:UGP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ultrapar Participacoes SA (BUE:UGP) » Definitions » Momentum Rank
Comparable Companies
BSP:CSAN3 BSP:RPMG3 NSE:RELIANCE MPC PSX VLO NSE:IOC TPE:6505 XKAZ:KMGZ BOM:500547 OHEL:NESTE TSE:5020 IST:TUPRS DINO NSE:HINDPETRO HKSE:00135 TSE:5019 IEP XKRX:096770 LSE:DCC
Traded in Other Exchanges
UGP:USA UGPN:Mexico UGR:Germany UGR:Germany UGPA3:Brazil
Address
Brigadeiro Luis Antonio Avenue, 1343, Sao Paulo, SP, BRA, 01317-910
Website
https://www.ultra.com.br
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, industrial activities, through the subscription or acquisition of shares of other companies. The Company has three business segments: gas distribution, fuel distribution and storage. The gas distribution segment (Ultragaz) distributes LPG to residential, commercial, and industrial consumers, especially in the South, Southeast, and Northeast regions of Brazil. The fuel distribution segment operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants and related activities throughout all the Brazilian territory. The storage segment operates liquid bulk terminals, especially in the Southeast and Northeast regions of Brazil.