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Ghitha Holding PJSC (ADX:GHITHA) Momentum Rank : 0 (As of May. 26, 2024)


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What is Ghitha Holding PJSC Momentum Rank?

Ghitha Holding PJSC 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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Ghitha Holding PJSC (ADX:GHITHA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ghitha Holding PJSC (ADX:GHITHA) » Definitions » Momentum Rank
Comparable Companies
ADX:INVICTUS SYY XLIS:JMT LSE:BNZL USFD PFGC BKK:CPAXT JSE:BID BSP:CRFB3 SGX:VC2 XTER:B4B ASX:MTS ANDE SZSE:000061 XKRX:026960 JSE:SPP TSE:7451 SAU:4162 TSE:9869 CHEF
Traded in Other Exchanges
N/A
Address
Meena Zayed Port Area, P.O. Box 53314, Abu Dhabi, ARE
Website
https://www.ghitha.com
Ghitha Holding PJSC is engaged in trading, re-packaging, storage, and distribution of food and non-food products. The product portfolio includes dry food products, canned foods, frozen food, processed food items, household items, stationeries, disposables, toiletries, chemicals, and other products.

Ghitha Holding PJSC (ADX:GHITHA) Headlines

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