Dhofar Poultry CoOG (MUS:DPCI) Momentum Rank : 0 (As of May. 19, 2024)

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What is Dhofar Poultry CoOG Momentum Rank?

Dhofar Poultry CoOG 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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Dhofar Poultry CoOG (MUS:DPCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dhofar Poultry Co SAOG (MUS:DPCI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 2855, Dhofar, Salalah, OMN, 211

Website

http://www.dhofarchicken.com

Dhofar Poultry Co SAOG is engaged in poultry farming, processing, and marketing of fresh and frozen whole chicken as well as portions in Oman and United Arab Emirates. The company undertakes poultry operations involving hatching, growing, and processing of poultry livestock which are sold through distributors and also directly to the retail market. It has broiler houses and processing plants located in Salalah. Its customers include hyper, supermarkets, specialty restaurants, and food service segments. Its product range includes fresh and frozen whole chicken, chicken portions comprising of boneless breast, drumstick, thighs, wings, and giblets, heart, gizzard, and liver. It generates the majority of the revenue from Gulf Cooperation Council countries followed by Sultanate of Oman.

Dhofar Poultry CoOG (MUS:DPCI) Headlines

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