Delmon Poultry Co BSC (BAH:POLTRY) Momentum Rank : 0 (As of Jun. 19, 2024)

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What is Delmon Poultry Co BSC Momentum Rank?

Delmon Poultry 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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Delmon Poultry Co BSC (BAH:POLTRY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Delmon Poultry Co BSC (BAH:POLTRY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 20535, Hamala, BHR

Website

http://www.dawajen.bh

Delmon Poultry Co BSC formely, Delmon Poultry Co is engaged in the processing, packing, and storing frozen chicken. The company operates through four business segments which include Chicken, Feed, Chicks, and Investments. It offers varieties of chicken products such as Chicken Legs, Liver, Thighs, Chopped Chicken and Chicken Wings. The company's chicken processing plant is located at Hamala, Feedmill at Mina Salman and Chicks hatchery at Al-Buhair, in the Kingdom of Bahrain. The majority of the revenue is generated from the Chicken segment.

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