Aluminium Bahrain BSC (LSE:ALBH) Momentum Rank : 10 (As of May. 26, 2024)

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What is Aluminium Bahrain BSC Momentum Rank?

Aluminium Bahrain BSC has the Momentum Rank of 10.

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.

Competitive Comparison of Aluminium Bahrain BSC's Momentum Rank

For the Aluminum subindustry, Aluminium Bahrain BSC's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Aluminium Bahrain BSC's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aluminium Bahrain BSC's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Aluminium Bahrain BSC's Momentum Rank falls into.

Aluminium Bahrain BSC Momentum Rank Related Terms

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Aluminium Bahrain BSC (LSE:ALBH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluminium Bahrain BSC (LSE:ALBH) » Definitions » Momentum Rank

Traded in Other Exchanges

ALBH:Bahrain

Address

94 Road, King Hamad Highway, Building 150, Block 951, P.O. Box 570, Askar, BHR

Website

https://www.albasmelter.com

Aluminium Bahrain BSC manufactures aluminum and aluminum related products. The company owns and operates aluminum smelter where it produces Extrusion Billets, Foundry Alloy Ingots Propertzi and Standard Ingot Form, Rolling Slabs, Tee and Standard Ingots and Liquid Metal. The other products of the company are anodes, water, power, and calcined coke.

Aluminium Bahrain BSC (LSE:ALBH) Headlines

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