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El Sewedy Electric Co (CAI:SWDY) Momentum Rank : 0 (As of May. 21, 2024)


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What is El Sewedy Electric Co Momentum Rank?

El Sewedy Electric Co 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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El Sewedy Electric Co (CAI:SWDY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » El Sewedy Electric Co (CAI:SWDY) » Definitions » Momentum Rank
Comparable Companies
CAI:AMOC CAI:EGSA CAI:EGAL CAI:MASR CAI:EGAS CAI:DOMT CAI:CNFN CAI:BINV CAI:ORWE SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR SZSE:300124 SZSE:300274 XKRX:247540 HUBB VRT SZSE:300014
Traded in Other Exchanges
N/A
Address
Plot No. 27, 1st District, 5th Settlement, P.O.Box 311, New Cairo, EGY, 11853
Website
http://www.elsewedyelectric.com
El Sewedy Electric Co is an Egypt based company that is engaged in the machinery business sector. The company's operating segment includes Cables, Constructions and Electricity products. The Cables segment is engaged in manufacturing, marketing and trading the cables. The constructions segment executes construction related to power generation units and electricity distribution networks. Electricity products segment manufactures, electric meters, transformers, electric joints, and market and trade the products. Geographically, it derives most of the revenue from Egypt.

El Sewedy Electric Co (CAI:SWDY) Headlines

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