Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Momentum Rank : 0 (As of Apr. 12, 2025)

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What is Emirates Central Cooling Systems PJSC Momentum Rank?

Emirates Central Cooling Systems 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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Emirates Central Cooling Systems PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Emirates Central Cooling Systems Corp PJSC (DFM:EMPOWER) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jumeirah Beach Road, 2nd December Street, P O Box 8081, Al Hudaiba Awards Building, Block A, 8th Floor, Opposite Etihad Museum, Dubai, ARE

Website

https://www.empower.ae

Emirates Central Cooling Systems Corp PJSC engages in offering district cooling services (DCS). It engages in the centralized production and distribution of cooling energy. The firm provides its services to a portfolio of projects such as Deira Waterfront, Blue Waters, Jumeirah Group, Jumeirah Beach Residence, Dubai International Financial Centre, Business Bay, Dubai Healthcare City, Jumeirah Lake Towers, Palm Jumeirah, Discovery Gardens, Ibn Battuta Mall, Dubai Design District, Dubai Production City and many more. The company has two segments: the Chilled water segment and the Pre-insulated pipe business segment. Its geographical segments include the United Arab Emirates and Kuwait.

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