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Ghandhara Industries (KAR:GHNI) Momentum Rank : 0 (As of Jun. 07, 2024)


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What is Ghandhara Industries Momentum Rank?

Ghandhara Industries 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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Ghandhara Industries (KAR:GHNI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ghandhara Industries Ltd (KAR:GHNI) » Definitions » Momentum Rank
Comparable Companies
KAR:HCAR KAR:PSMC TSLA TSE:7203 SZSE:002594 XTER:MBG XTER:BMW STLA XTER:VOW3 MIL:RACE TSE:7267 F NSE:MARUTI GM LI XKRX:005380 HKSE:02333 NSE:TATAMOTORS SHSE:600104 XKRX:000270
Traded in Other Exchanges
N/A
Address
F-3, Hub Chowki Road, S.I.T.E, P.O. Box No. 2706, Karachi, SD, PAK, 75730
Website
https://www.gil.com.pk
Ghandhara Industries Ltd is a Pakistan based company. It is engaged in the manufacturing, assembly and marketing of Isuzu DMAX Pickups, ISUZU Trucks, Bus Chassis and fabrication of Bus and Load bodies. Its products include Rigid Truck & Prime Mover, Hi- spark single cab, Microbus, Pickup, cross crew cab, lander single cab, Light Commercial Vehicles and others.

Ghandhara Industries (KAR:GHNI) Headlines

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