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Delattre Levivier Maroc (CAS:DLM) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is Delattre Levivier Maroc Momentum Rank?

Delattre Levivier Maroc 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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Delattre Levivier Maroc (CAS:DLM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Delattre Levivier Maroc SA (CAS:DLM) » Definitions » Momentum Rank
Comparable Companies
XKLS:03006 STC:PXS BOM:533167 TSE:1439 OCSE:MTHH NSE:AKASH SGX:Q0X HKSE:08305 HKSE:08040 OSL:GOD BKK:TNDT XKLS:5129 SGX:510 NSE:TECHNOFAB BOM:541353 ASX:TPP WAR:MSW BOM:539112 SGX:5TR XMAD:CLR
Traded in Other Exchanges
N/A
Address
Km 9 Route de Rabat, Ain Sebaa Casablanca, Casablanca, MAR, 20250
Website
http://www.dlm.ma
Delattre Levivier Maroc SA provides engineering and construction services to construction and public works, energy, oil and gas, chemicals and infrastructures. The company's activities include Boilermaking, Piping and Steel frame, Erection work, and Turnkey project solutions.

Delattre Levivier Maroc (CAS:DLM) Headlines

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