Societe Libanaise Des Ciments BlancsL (BEY:CBN) Momentum Rank : 0 (As of Jun. 19, 2024)

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What is Societe Libanaise Des Ciments BlancsL Momentum Rank?

Societe Libanaise Des Ciments BlancsL 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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Societe Libanaise Des Ciments BlancsL (BEY:CBN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Societe Libanaise Des Ciments Blancs SAL (BEY:CBN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chekka, North Lebanon, Beirut, LBN

Website

http://www.holcim.com.lb

Societe Libanaise Des Ciments Blancs SAL is a Lebanon-based company. Its principal activities consist of producing, selling, and exporting white cement and related products. It also manufactures ready mix concrete and grey cement.The business operates through one segment that is White Cement. The sale of white cement generates maximum revenue for the company. It operates only in Lebanon region.

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