PGG Wrightson (NZSE:PGW) Momentum Rank : 1 (As of May. 09, 2024)

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What is PGG Wrightson Momentum Rank?

PGG Wrightson has the Momentum Rank of 1.

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 PGG Wrightson's Momentum Rank

For the Specialty Business Services subindustry, PGG Wrightson'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.

PGG Wrightson's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, PGG Wrightson's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PGG Wrightson's Momentum Rank falls into.

PGG Wrightson Momentum Rank Related Terms

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PGG Wrightson (NZSE:PGW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » PGG Wrightson Ltd (NZSE:PGW) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PGWFF:USA

Address

1 Robin Mann Place, Christchurch Airport, Christchurch, CT, NZL, 8053

Website

https://www.pggwrightson.co.nz

PGG Wrightson Ltd is an agriculture solutions provider predominantly in New Zealand. The company's reportable segments are, Agency, Retail & Water, and Other. The company generates maximum revenue from the Retail and Water segment which includes the rural supplies and fruitfed retail operations, PGG Wrightson Water, PGW Consulting, Agritrade, and ancillary sales support, supply chain, and marketing functions. The Agency segment includes rural Livestock trading activities, export livestock, wool, insurance, real estate, and finance commission. The company principally operates in New Zealand.

PGG Wrightson (NZSE:PGW) Headlines

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