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Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES) Momentum Rank : 0 (As of May. 26, 2024)


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What is Anadolu Efes Biracilik ve Maltnayi AS Momentum Rank?

Anadolu Efes Biracilik ve Maltnayi AS 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.

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Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Anadolu Efes Biracilik ve Malt Sanayi AS (IST:AEFES) » Definitions » Momentum Rank
Comparable Companies
IST:TBORG XBRU:ABI XAMS:HEIA BSP:ABEV3 HKSE:01876 XAMS:HEIO TSE:2502 HKSE:00291 OCSE:CARL B SHSE:600600 TSX:TPX.B TAP TSE:2503 SHSE:605499 XZIM:DLTA.ZW TSE:2587 SHSE:600132 BOM:532478 SZSE:000729 SHSE:600779
Traded in Other Exchanges
AEBZY:USA EF41:Germany
Address
Fatih Sultan Mehmet Mah. Balkan Cad. No:58, Buyaka E Blok Tepeüstü, Istanbul, TUR, 34771
Website
http://www.anadoluefes.com
Anadolu Efes Biracilik ve Malt Sanayi AS produces and distributes beer, sparkling, and still beverages under a number of different brand names. It has joint control over Coca-Cola Icecek, which has the rights to sell Coca-Cola products in Turkey, Pakistan, Central Asia, and the Middle East. Sparkling and still beverages account for more than half of the company's total revenue. Beer sales account for the remaining revenue, with beer sales outside of Turkey (mainly in Russia, Kazakhstan, Georgia, and Moldova) collectively providing more revenue than beer sales in Turkey. The company has breweries, bottling plants, and other production facilities in more than a dozen countries, primarily Turkey and Russia.

Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES) Headlines

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