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Iraqi Date Processing and Marketing (IQS:IIDP) Momentum Rank : 0 (As of May. 26, 2024)


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What is Iraqi Date Processing and Marketing Momentum Rank?

Iraqi Date Processing and Marketing 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.

Iraqi Date Processing and Marketing Momentum Rank Related Terms

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Iraqi Date Processing and Marketing (IQS:IIDP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Iraqi Date Processing and Marketing (IQS:IIDP) » Definitions » Momentum Rank
Comparable Companies
BOM:507663 BOM:530261 BOM:532444 BOM:532961 BOM:519242 BOM:526445 BOM:538364 HKSE:00875 ORSE:GRZ1R BOM:519439 BOM:519285 BOM:526568 BOM:530997 BOM:541999 MIC:SIBG BSP:FRTA3 BOM:532038 EYTH BOM:532803 BOM:519303
Traded in Other Exchanges
N/A
Address
Al-Shaljia, Behind Buratha Mosque, Baghdad, IRQ
Website
http://www.iraqiandates-co.com
Iraqi Date Processing and Marketing grow, harvests, processes, and markets various kinds of dates. It is engaged in the processing and marketing of dates In Iraq and internationally. The company also conducts business in the city of Baghdad.

Iraqi Date Processing and Marketing (IQS:IIDP) Headlines

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