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CIC Holdings (COL:CIC.N0000) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is CIC Holdings Momentum Rank?

CIC Holdings 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.

CIC Holdings Momentum Rank Related Terms

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CIC Holdings (COL:CIC.N0000) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » CIC Holdings PLC (COL:CIC.N0000) » Definitions » Momentum Rank
Comparable Companies
COL:SUN.N0000 COL:BRWN.N0000 COL:GREG.N0000 COL:BUKI.N0000 COL:RICH.N0000 COL:TAP.N0000 COL:HHL.N0000 COL:VONE.N0000 COL:JKL.N0000 COL:CARS.N0000 ADX:IHC HON TSE:8058 TSE:6501 TSE:8031 TSE:8001 MMM ADX:ALPHADHABI HKSE:00267 TSE:8002
Traded in Other Exchanges
CIC.X0000:Sri Lanka
Address
199, Kew Road, Colombo, LKA, 02
Website
https://www.cic.lk
CIC Holdings PLC carries on the business of merchandising and manufacturing as its principal activities. The group has five strategic divisions which are its reportable segments, namely Crop solutions, Agri Produce, Lives Stock Solutions, Industrial Solutions, and Health and Personal care. Geographically, it generates the majority of the revenue from Srilanka and also exports to other countries.

CIC Holdings (COL:CIC.N0000) Headlines

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