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National Portfolio Securities (AMM:MHFZ) Momentum Rank : 0 (As of Jun. 07, 2024)


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What is National Portfolio Securities Momentum Rank?

National Portfolio Securities 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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National Portfolio Securities (AMM:MHFZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » National Portfolio Securities (AMM:MHFZ) » Definitions » Momentum Rank
Comparable Companies
BOM:530439 BOM:531448 BOM:504340 BOM:538433 BOM:539198 BOM:511427 BOM:512064 BOM:531327 BOM:511493 BOM:531025 BOM:532113 BOM:531658 BOM:539199 BOM:511640 BOM:531319 BOM:503659 TSXV:JFC BOM:530985 BOM:531936 BOM:542332
Traded in Other Exchanges
N/A
Address
33 Issam Ajlouni Street, Shmeisani, Mahfaza Building, P.O. Box: 926721, Amman, JOR, 11190
Website
https://www.npsc.com.jo
National Portfolio Securities is engaged in brokerage activities at the Amman Stock Exchange, purchasing and selling securities in the regional and international securities markets, holding a portfolio of securities, investing in newly established companies, underwriting the new issue of shares, and acting as a financial advisor.

National Portfolio Securities (AMM:MHFZ) Headlines

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