K. Kythreotis Holdings Public (CYS:KYTH) Momentum Rank : 0 (As of May. 21, 2024)

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What is K. Kythreotis Holdings Public Momentum Rank?

K. Kythreotis Holdings Public 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. Kythreotis Holdings Public (CYS:KYTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » K. Kythreotis Holdings Public Ltd (CYS:KYTH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Griva Digheni Street, Limassol, CYP, 3106

Website

https://www.kythreotis.com.cy

K. Kythreotis Holdings Public Ltd is engaged in the production and sale of building materials for use in the construction industry in Cyprus. The company produces aggregates (crushed rock and sand) and road based materials. The crushing plant has a capacity of approximately 350 tons/hour of final aggregates thus bringing it to an annual capacity of over 800.000 tones. Its customer base ranges from construction companies involved in private and government funded projects to smaller local customers involved in regional day to day business.

K. Kythreotis Holdings Public (CYS:KYTH) Headlines

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