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Fabrica Peruana Eternit (LIM:ETERNII1) Momentum Rank : 0 (As of May. 25, 2024)


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What is Fabrica Peruana Eternit Momentum Rank?

Fabrica Peruana Eternit 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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Fabrica Peruana Eternit (LIM:ETERNII1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Fabrica Peruana Eternit SA (LIM:ETERNII1) » Definitions » Momentum Rank
Comparable Companies
JSE:MZR BOM:502250 SSE:1449 WAR:ICA XKLS:6211 XKLS:7239 TSXV:FBF MIC:TUCH OSTO:POLY BOM:515093 BOM:530977 BOM:513699 OSTO:KAKEL WAR:DKR BOM:515085 BOM:514442 BOM:531129 BOM:538546 BOM:500322 BOM:530973
Traded in Other Exchanges
N/A
Address
Jr. Republic of Ecuador Number 448, Lima, PER
Website
http://www.eternit.com.pe
Fabrica Peruana Eternit SA manufactures and markets building materials such as asbestos cement products, corrugated and flat sheets for roofing, pre-fabricated building systems, septic tanks, filters, pots, and sanitary latrines. It serves the construction of buildings of the housing, commercial, institutional, education, health, and industry segments. The company projects inlcude Jockey Plaza, Cineplanet, Hotel Westin, Lima Central Tower, and others.

Fabrica Peruana Eternit (LIM:ETERNII1) Headlines

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