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Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) Momentum Rank : 0 (As of Jun. 05, 2024)


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What is Duro Dakovic Grupa Dionicko Drustvo Momentum Rank?

Duro Dakovic Grupa Dionicko Drustvo 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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Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) » Definitions » Momentum Rank
Comparable Companies
ZAG:KOEI ZAG:MAIS ZAG:KBZ ZAG:SLRS ZAG:ERNT ZAG:LKPC ZAG:LKRI ZAG:LPLH ZAG:ARNT ZAG:SAPN ADX:IHC HON TSE:8058 TSE:6501 TSE:8031 TSE:8001 MMM ADX:ALPHADHABI HKSE:00267 TSE:8002
Traded in Other Exchanges
N/A
Address
Dr. Mile Budaka 1, Slavonski Brod, HRV, 35000
Website
https://www.duro-dakovic.com
Duro Dakovic Grupa Dionicko Drustvo is a Croatia based company engaged in multiple businesses. Its operates in Defence, Transport and Industry and Energetics sectors. The company offers battle tanks and combat vehicles, freight wagons, pressure equipment, large components, steel structures and valves for the oil industry among other products.

Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) Headlines

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