Kuwait Projects Co Holding KSC (KUW:KPROJ) Momentum Rank : 0 (As of Jun. 09, 2024)

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What is Kuwait Projects Co Holding KSC Momentum Rank?

Kuwait Projects Co Holding KSC 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 Projects Co Holding KSC (KUW:KPROJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Kuwait Projects Co Holding KSC (KUW:KPROJ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

KIPCO Tower, Khalid Bin Al Waleed Street, Sharq, P.O. Box 23982, Safat, Kuwait City, KWT, 13100

Website

https://www.kipco.com

Kuwait Projects Co Holding KSC is an investment holding company operating in a sector such as financial services, manufacturing, and real estate. The business activity of the firm functions through various segments which include Commercial Banking, Asset Management, Investment Banking, Insurance, Media & Satellite Services, Industrial, Hospitality and Real Estate, and others. It generates maximum revenue from the Commercial banking segment. Geographic areas of operation include Kuwait, the Rest of GCC, the Rest of the Middle East and North Africa, North America and Europe.

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