Gulf Cement Co PSC (ADX:GCEM) Momentum Rank : 0 (As of Dec. 12, 2024)

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What is Gulf Cement Co PSC Momentum Rank?

Gulf Cement Co PSC 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.

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Gulf Cement Co PSC Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 5295, Ras Al Khaimah, ARE

Website

https://gulfcement.ae

Gulf Cement Co PSC operates as a cement producer that serves customers located in the UAE, and Arab Gulf Zone. It has two operating segments including Manufacturing of all types of cement and investments in marketable equity securities, deposits with banks, and investment properties. Its product offerings include a variety of cement such as Sulphate Resisting Portland Cement, Ordinary Portland Cement, Moderate Sulphate Resisting Portland Cement, and Ground Granulated Blast Furnace Slag, among others.

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