The Bahrain Ship Repairing & Engineering Co BSC (BAH:BASREC) Momentum Rank : 0 (As of Dec. 15, 2024)

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What is The Bahrain Ship Repairing & Engineering Co BSC Momentum Rank?

The Bahrain Ship Repairing & Engineering Co BSC 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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The Bahrain Ship Repairing & Engineering Co BSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » The Bahrain Ship Repairing & Engineering Co BSC (BAH:BASREC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mina Salman Industrial Area, P.O. Box 568, Manama, BHR

Website

https://www.basrec.com

The Bahrain Ship Repairing & Engineering Co BSC is engaged in the business of providing repair and maintenance services to vessels operating in the Arabian Gulf and emergency repairs to the larger ocean-going ships. This includes container inspection services, pump repairs, as well as their subsidiary services. It operates as a division like a ship repair, small boat repair, teams Bahrain, containers. Its business segments include Ship repairing and investment, Trading, and Pump repairing, of which the majority of the revenue is generated from Ship repairing and investment segment.

The Bahrain Ship Repairing & Engineering Co BSC Headlines

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