Grupo CarsoB de CV (FRA:4GF) Momentum Rank : 8 (As of May. 18, 2024)

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What is Grupo CarsoB de CV Momentum Rank?

Grupo CarsoB de CV has the Momentum Rank of 8.

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 Grupo CarsoB de CV's Momentum Rank

For the Conglomerates subindustry, Grupo CarsoB de CV'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.

Grupo CarsoB de CV's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Grupo CarsoB de CV's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Grupo CarsoB de CV's Momentum Rank falls into.

Grupo CarsoB de CV Momentum Rank Related Terms

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Grupo CarsoB de CV (FRA:4GF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Grupo Carso SAB de CV (FRA:4GF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GPOVF:USA GCARSOA1:Mexico

Address

255 Frisco Building, Lago Zurich 245, 6th Floor, Ampliacion Granada, Mexico City, MEX, 11529

Website

http://www.gcarso.com.mx

Grupo Carso SAB de CV is a conglomerate based in Mexico with business presence in several countries, mainly in the Americas and Europe. The firm has operations in four main business segments: commercial and retail, industrial and manufacturing, infrastructure and construction, and energy. The largest contributor to sales, the commercial and retail division, serves middle- and high-income consumers and operates department stores, boutiques, restaurants, and multimedia stores. The industrial and manufacturing segment has a portfolio of products and services focused on cables, power transformers and reactors, and alternative energies, among others. The infrastructure and construction division serves sectors like the oil and chemical industries, pipeline installation, and housing development.

Grupo CarsoB de CV (FRA:4GF) Headlines

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