Kuwait Investment CoK (KUW:KINV) Momentum Rank : 0 (As of May. 25, 2024)

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What is Kuwait Investment CoK Momentum Rank?

Kuwait Investment CoK 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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Kuwait Investment CoK (KUW:KINV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Kuwait Investment Co SAK (KUW:KINV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mubarak Al Kabeer Street, P.O. Box 1005, Souk Al Manakh Building, 5th Floor, Sharq, Safat, Kuwait, KWT, 13011

Website

https://www.kic.com.kw

Kuwait Investment Co SAK is an investment company. The company has four operating segments which include Asset Management; Direct Investments and Corporate Finance (DICF); Treasury and Other operations. It generates the majority of revenue from the DICF and Other operation segments. The DICF segment consists of managing subsidiaries, associates, long-term strategic investments, lending, real estate, and rental activities. Geographically, it derives a majority of its revenue from Kuwait.

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