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Anlima Yarn Dyeing (DHA:ANLIMAYARN) Momentum Rank : 0 (As of Jun. 02, 2024)


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What is Anlima Yarn Dyeing Momentum Rank?

Anlima Yarn Dyeing 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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Anlima Yarn Dyeing (DHA:ANLIMAYARN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Anlima Yarn Dyeing Ltd (DHA:ANLIMAYARN) » Definitions » Momentum Rank
Comparable Companies
BOM:530867 BOM:514440 BOM:531496 BOM:500277 BOM:532825 BOM:539096 BOM:530037 BOM:532831 BOM:503772 BOM:505506 BOM:514460 BOM:530605 BOM:514378 BOM:514240 BOM:530971 BOM:538537 BOM:506863 BOM:530443 BOM:514113 BOM:521182
Traded in Other Exchanges
N/A
Address
67 Naya Paltan, Suite 4/3, City Heart, Dhaka, BGD, 1000
Website
https://www.anlima.com
Anlima Yarn Dyeing Ltd provides various types of cotton and blended yarn for woven and knit textile factories in Bangladesh. It also provides polyester sewing thread under the AN Thread brand to garments industries; and dyed cotton yarn for use in sweater knitting industries. The products of the company include Yarn dyeing services, sewing thread, and Dyed cotton yarn.

Anlima Yarn Dyeing (DHA:ANLIMAYARN) Headlines

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