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Al Firdous Holdings (DFM:ALFIRDOUS) Momentum Rank : 0 (As of Jun. 14, 2024)


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What is Al Firdous Holdings Momentum Rank?

Al Firdous Holdings 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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Al Firdous Holdings (DFM:ALFIRDOUS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Al Firdous Holdings Ltd (DFM:ALFIRDOUS) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
Boulevard Plaza 2, Boulevard Shk Mohamed Bin Rashid, 14th Floor, office 1402 and 1403, P.O. Box 35000, Opposite to Burj Khalifa, Dubai, ARE
Website
http://www.alfirdouspjsc.com
Al Firdous Holdings Ltd, through its subsidiary, is engaged in managing and operating hotels and restaurants in the Emirate of Dubai. The company also organizes Hajj, Umrah trips and documents clearing services.

Al Firdous Holdings (DFM:ALFIRDOUS) Headlines

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