Coca Cola Icecek AS (IST:CCOLA) Momentum Rank : 0 (As of Jun. 02, 2024)

View and export this data going back to 2006. Start your Free Trial

What is Coca Cola Icecek AS Momentum Rank?

Coca Cola Icecek 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.

Coca Cola Icecek AS Momentum Rank Related Terms

Thank you for viewing the detailed overview of Coca Cola Icecek AS's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Coca Cola Icecek AS (IST:CCOLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca Cola Icecek AS (IST:CCOLA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

COLZF:USA

Address

OSB Mahallesi Deniz Feneri Sokak, No: 4 Dudullu - Umraniye, Istanbul, TUR, 34776

Website

https://www.cci.com.tr

Coca Cola Icecek AS is the exclusive bottler and distributor of Coca-Cola-branded sparkling and still beverages in Turkey, Pakistan, Central Asia, and the Middle East. Coca-Cola's brands include Coca-Cola, Fanta, Sprite, Cappy, Powerade, and Fuse. The company also has the exclusive right to distribute the Schweppes brand in Turkey. The company's revenue is split roughly evenly between sales in Turkey and sales outside of Turkey. The controlling shareholder of the company is Anadolu Efes Biracilik ve Malt Sanayi.

Coca Cola Icecek AS (IST:CCOLA) Headlines

No Headlines