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Dias Aquaculture (ATH:DIFF) Momentum Rank : 0 (As of May. 22, 2024)


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What is Dias Aquaculture Momentum Rank?

Dias Aquaculture 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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Dias Aquaculture (ATH:DIFF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dias Aquaculture SA (ATH:DIFF) » Definitions » Momentum Rank
Comparable Companies
BOM:507609 LSE:AGTA ASX:AAP BOM:531156 BOM:541005 BOM:526945 NSE:SONISOYA BOM:530959 BOM:539570 BOM:531246 BOM:515059 EYTH BOM:519359 BOM:540267 BOM:539854 ORSE:SCM1R WAR:SYM ASX:JJF WAR:BDG BOM:519285
Traded in Other Exchanges
N/A
Address
10 klm Attikis Odou - Thesi Tripio Lithari, Mandra, GRC, 14564
Website
http://www.diassa.gr
Dias Aquaculture SA through its subsidiaries is engaged in aquaculture, breeding juveniles in hatching stations, raising and selling Mediterranean euryhaline fish, trading fish and third-party fish feed, and manufacturing fish feed. The company's main products are sea bream, sea bass, fish juveniles, gutted fish and fish fillet, map products.

Dias Aquaculture (ATH:DIFF) Headlines

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