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Attock Cement Pakistan (KAR:ACPL) Momentum Rank : 0 (As of Jun. 14, 2024)


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What is Attock Cement Pakistan Momentum Rank?

Attock Cement Pakistan 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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Attock Cement Pakistan (KAR:ACPL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Attock Cement Pakistan Ltd (KAR:ACPL) » Definitions » Momentum Rank
Comparable Companies
KAR:GWLC KAR:DGKC KAR:PIOC KAR:CHCC KAR:FCCL KAR:KOHC KAR:MLCF CRH XSWX:HOLN NSE:ULTRACEMCO VMC MLM SHSE:600585 XKRX:003670 NSE:GRASIM XTER:HEI BOM:500387 ASX:JHX BOM:500425 CEMEXCPO
Traded in Other Exchanges
N/A
Address
Kehkashan-5, D-70, Block-4, Clifton, Karachi, SD, PAK, 75600
Website
https://www.attockcement.com
Attock Cement Pakistan Ltd is engaged in the business of producing and marketing of cement. Its product offering includes Falcon Ordinary Portland cement, Falcon Sulphate resistant cement, Falcon Rock Cement, and Falcon Block cement.

Attock Cement Pakistan (KAR:ACPL) Headlines

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