Delta Galil Industries (Delta Galil Industries) Momentum Rank : 0 (As of Apr. 30, 2024)

View and export this data going back to 2013. Start your Free Trial

What is Delta Galil Industries Momentum Rank?

Delta Galil Industries 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.

Delta Galil Industries Momentum Rank Related Terms

Thank you for viewing the detailed overview of Delta Galil Industries's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Delta Galil Industries (Delta Galil Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Delta Galil Industries Ltd (OTCPK:DELTF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DELG:Israel

Address

45 Ha’eshel Street, Caesarea Industrial Zone, Caesarea, ISR, 30889

Website

https://www.deltagalil.com

Delta Galil Industries Ltd designs and manufactures undergarments, socks, children's wear, leisurewear, and activewear. The company is engaged in the design, development, production, marketing, and sale of intimate apparel, socks, children's wear, leisurewear, and activewear, as well as in the development, design, marketing, distribution, and sale of branded products in the jeans and over wear clothing and ancillary products for women, in five business segments- Delta USA; Global Division Upper Market; Delta European Brands; Delta Premium Brands and Delta Israel.

Delta Galil Industries (Delta Galil Industries) Headlines

No Headlines