Cementos PacasmayoA (Cementos PacasmayoA) Momentum Rank : 7 (As of May. 07, 2024)

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What is Cementos PacasmayoA Momentum Rank?

Cementos PacasmayoA 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 Cementos PacasmayoA's Momentum Rank

For the Building Materials subindustry, Cementos PacasmayoA'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.

Cementos PacasmayoA's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cementos PacasmayoA's Momentum Rank distribution charts can be found below:

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

Cementos PacasmayoA Momentum Rank Related Terms

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Cementos PacasmayoA (Cementos PacasmayoA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cementos Pacasmayo SAA (NYSE:CPAC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CPAC:Peru CPACASI1:Peru CPACASC1:Peru

Address

Calle La Colonia No. 150, Urbanizacion El Vivero, Surco, Lima, PER

Website

https://www.cementospacasmayo.com.pe

Cementos Pacasmayo SAA is a Peruvian cement company that primarily produces, distributes, and sells cement and cement-related materials, such as concrete blocks and ready-mix concrete. The company's products are primarily used in construction. It also produces and sells quicklime for use in mining operations. The company sells its products mainly in the northern part of Peru. It owns three cement production facilities. Its flagship Pacasmayo facility is located in the northwest region of Peru, while its new cement plant in Piura and smaller Rioja facility are located in the northeast region of Peru.