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Agro Industrial Paramonga (LIM:PARAMOC1) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is Agro Industrial Paramonga Momentum Rank?

Agro Industrial Paramonga 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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Agro Industrial Paramonga (LIM:PARAMOC1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Agro Industrial Paramonga SA (LIM:PARAMOC1) » Definitions » Momentum Rank
Comparable Companies
BOM:500166 HKSE:00149 BUE:INVJ XKLS:6572 XKLS:9385 ISX:SIPD TSE:2892 BSP:TESA3 SAU:4160 STC:NSC XKLS:2038 ASX:TPE ATH:NIR ROCO:1260 SHMP ROCO:3313 TPE:1235 STC:HVG HKSE:00197 PHS:VITA
Traded in Other Exchanges
N/A
Address
Av. Siete No. 229 Urb. La Rinconada Baja, La Molina, Lima, PER
Website
http://www.agroparamonga.com
Agro Industrial Paramonga SAA is engaged in the production of cane sugar and other related businesses. The company's products include Sugar, Rectified Ethyl Alcohol, Industrial Alcohol, Molasses and Bagasse.

Agro Industrial Paramonga (LIM:PARAMOC1) Headlines

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