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Sumas Suni Tahta VE Mobilyanayi AS (IST:SUMAS) Momentum Rank : 0 (As of Dec. 14, 2024)


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What is Sumas Suni Tahta VE Mobilyanayi AS Momentum Rank?

Sumas Suni Tahta VE Mobilyanayi 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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Sumas Suni Tahta VE Mobilyanayi AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sumas Suni Tahta VE Mobilya Sanayi AS (IST:SUMAS) » Definitions » Momentum Rank
Comparable Companies
KAR:FTMM KAR:PTL KAR:LOADS KAR:TOMCL KAR:LSEVL KAR:HCL KAR:GCIL KAR:HAEL KAR:GEMPAPL KAR:ITTEFAQ OSTO:SCA A UFPI SSD TSX:WFG TSX:SJ BOM:532548 XLIS:COR TSX:CFP SZSE:002043 BSP:DXCO3
Traded in Other Exchanges
N/A
Address
Yoloren Village, Edremite, Balikesir, TUR
Website
http://www.sumas.com.tr
Sumas Suni Tahta VE Mobilya Sanayi AS is engaged in the manufacture of paper. The company produces water-resistant green board and fire-resistant chipboard products. Its product is used in roofing, shingle underlay, flooring, construction of nurse resistant, flat and insulated surfaces, and shop construction and decoration and others.

Sumas Suni Tahta VE Mobilyanayi AS Headlines

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