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Adel Kalemcilik Ticaret Venayi AS (IST:ADEL) Momentum Rank : 0 (As of Jun. 13, 2024)


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What is Adel Kalemcilik Ticaret Venayi AS Momentum Rank?

Adel Kalemcilik Ticaret Venayi AS 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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Adel Kalemcilik Ticaret Venayi AS (IST:ADEL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Adel Kalemcilik Ticaret Ve Sanayi AS (IST:ADEL) » Definitions » Momentum Rank
Comparable Companies
IST:PKART SHSE:603899 TSE:7752 SZSE:002152 TSE:6448 TSE:8060 TSE:7984 SZSE:300130 HNI TSE:4902 TSE:7846 TSE:7994 SCS SZSE:300551 SHSE:603187 SZSE:002197 XTER:TTK SZSE:000561 TSE:7976 HKSE:00327
Traded in Other Exchanges
N/A
Address
Sekerpinar Mah Yanyol Sok Number 7, Cayirova, TUR, 41480
Website
http://www.adel.com.tr
Adel Kalemcilik Ticaret Ve Sanayi AS is a Turkey-based company involved in producing stationery items which include mechanical leads and graphites, liquid ink pens, wood-cased lead pencils, coloring and copying pencils, ballpoint pens, markers, crayons, watercolor paints, erasers, modeling clays, and gouache paints. Some of its brands include Adel, Adeland, Faber-Castle, and Max.

Adel Kalemcilik Ticaret Venayi AS (IST:ADEL) Headlines

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