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Rangpur Dairy & Food Products (DHA:RDFOOD) Momentum Rank : 0 (As of Apr. 30, 2024)


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What is Rangpur Dairy & Food Products Momentum Rank?

Rangpur Dairy & Food Products 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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Rangpur Dairy & Food Products (DHA:RDFOOD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rangpur Dairy & Food Products Ltd (DHA:RDFOOD) » Definitions » Momentum Rank
Comparable Companies
DHA:FUWANGFOOD DHA:GHAIL DHA:EMERALDOIL XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF BIMBOA HRL K MKC SGX:F34 SAU:2280 DUB:KRZ
Traded in Other Exchanges
N/A
Address
22/19, Khiljee Road, Mohammadpur, Dhaka, BGD, 1207
Website
https://www.rdmilk.com
Rangpur Dairy & Food Products Ltd is engaged in the manufacturing of pasteurized and flavored milk, ghee, butter, mango drinks, fried dal, special toast biscuits, laccha semai, potato chips, jhal muri, and different types of candy and milk products.

Rangpur Dairy & Food Products (DHA:RDFOOD) Headlines

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