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Primo Water (FRA:GC6) Momentum Rank : 9 (As of May. 06, 2024)


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What is Primo Water Momentum Rank?

Primo Water has the Momentum Rank of 9.

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 Primo Water's Momentum Rank

For the Beverages - Non-Alcoholic subindustry, Primo Water'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.

Primo Water's Momentum Rank Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Primo Water's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Primo Water's Momentum Rank falls into.


Primo Water Momentum Rank Related Terms

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Primo Water (FRA:GC6) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Primo Water Corp (FRA:GC6) » Definitions » Momentum Rank
Comparable Companies
TSX:LAS.A TSX:GURU TSXV:YERB.U TSX:FLOW TSXV:MUSH XCNQ:BEV XCNQ:MILK TSXV:HILL KO PEP HKSE:09633 MNST KDP LSE:CCEP NSE:VBL COCSF CELH AC LSE:CCH COKE
Traded in Other Exchanges
PRMW:USA PRMW:Canada
Address
1200 Britannia Road East, Mississauga, ON, CAN, L4W 4T5
Website
https://www.primowatercorp.com
Primo Water is a pure-play water provider with a variety of products and services, including water delivery, exchange, refill/filtration, and water dispensers in 21 countries, mostly in North America and Europe. The firm usually initiates the customer relationship with the sale of water dispensers, and then generates recurring revenue via the water direct and exchange services (two thirds of total sales) by delivering large-format (typically three gallons or greater) water bottles to residential and commercial customers for use atop or inside the dispensers. Primo generates 75% of revenue and all its profits in North America, while its European operation has yet to turn a profit.

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