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Lanka Milk Foods (CWE) (COL:LMF.N0000) Momentum Rank : 0 (As of May. 26, 2024)


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What is Lanka Milk Foods (CWE) Momentum Rank?

Lanka Milk Foods (CWE) 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.

Lanka Milk Foods (CWE) Momentum Rank Related Terms

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Lanka Milk Foods (CWE) (COL:LMF.N0000) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lanka Milk Foods (CWE) PLC (COL:LMF.N0000) » Definitions » Momentum Rank
Comparable Companies
COL:KFP.N0000 COL:CTEA.N0000 XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF BIMBOA HRL K MKC SGX:F34 SAU:2280 DUB:KRZ HKSE:02319
Traded in Other Exchanges
N/A
Address
No. 579/1, Welisara, Ragama, LKA
Website
https://www.lmfgroup.lk
Lanka Milk Foods (CWE) PLC is engaged in the business of importing, packing, manufacturing, marketing, and distributing milk allied products. The company's operating segment includes Powdered Milk; Liquid Milk and Others, Agriculture and Trading. It generates maximum revenue from the Liquid Milk and Others segment. The Liquid Milk and Others segment includes the operating chain of packing and selling of UHT products, Daily, Ambewela Farm Fresh Milk, and fruit juice.

Lanka Milk Foods (CWE) (COL:LMF.N0000) Headlines

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