Air Arabia PJSC (DFM:AIRARABIA) Momentum Rank : 0 (As of May. 12, 2025)

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What is Air Arabia PJSC Momentum Rank?

Air Arabia PJSC has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Air Arabia PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Arabia PJSC (DFM:AIRARABIA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sharjah International Airport, PO Box 132, Building A1, Next to Cargo Entrance, Sharjah, ARE

Website

https://www.airarabia.com

Air Arabia PJSC is a group of airlines and companies offering travel and tourism services around the world. Its business activities along with its subsidiaries are international commercial air transportation, aircraft trading, aircraft rental, aircraft rent, aircraft spare parts trading, travel and tourist agencies, hotels, hotel apartment rentals, airline companies representative offices, passenger transport, cargo services, air cargo agents, documents transfer services, telecommunications devices trading, aviation training, and aircraft repairs and maintenance. It operates in two segments: Airlines and Others.

Air Arabia PJSC Headlines

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