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K+G Complex (CYS:KG) Momentum Rank : 0 (As of Jun. 13, 2024)


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What is K+G Complex Momentum Rank?

K+G Complex 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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K+G Complex (CYS:KG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » K+G Complex (CYS:KG) » Definitions » Momentum Rank
Comparable Companies
CYS:PND HKSE:00016 HKSE:01109 HKSE:00688 HKSE:01113 TSE:1925 SHSE:600048 SZSE:000002 BOM:532868 DFM:EMAAR SZSE:001979 ADX:ALDAR HKSE:00960 PHS:HVN BOM:543287 HKSE:00083 HKSE:00004 PHS:ALI SGX:H78 DFM:EMAARDEV
Traded in Other Exchanges
N/A
Address
Gala Tower, 197 Makarios III Avenue, Limassol, CYP, CY-3030
Website
http://www.galatariotisgroup.com
K+G Complex is a real estate company. Its activities include development and sale of residential units and development and sale of land located in the Amathus area of Limassol. The company's segments are development and sale of land, and holding of investments. Majority of the revenue is derived from the sale of immovable property in Cyprus.

K+G Complex (CYS:KG) Headlines

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