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Din Textile Mills (KAR:DINT) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Din Textile Mills Momentum Rank?

Din Textile Mills 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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Din Textile Mills (KAR:DINT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Din Textile Mills Ltd (KAR:DINT) » Definitions » Momentum Rank
Comparable Companies
BOM:539221 BOM:514286 XKLS:7130 IST:HATEK BOM:532893 HKSE:08521 XKLS:8672 TSE:3125 DHA:MAKSONSPIN ROCO:4406 BOM:512527 TPE:1418 NZSE:CAV BSP:CEDO3 BOM:519136 BOM:542206 DHA:AL-HAJTEX XKRX:000950 BOM:503722 BOM:500264
Traded in Other Exchanges
N/A
Address
M.T. Khan Road, Opposite Beach Luxury Hotel, Din House, 35-A/1, Lalazar Area, P.O. Box 4696, Karachi, SD, PAK, 74000
Website
https://www.dingroup.com
Din Textile Mills Ltd is engaged in the manufacturing and sale of yarn. The operating segment of the company are Spinning, Weaving and Other segment. Its product portfolio comprises of combed compact yarn, core spun lycra yarn, slub lycra yarn, dyed yarn, melange yarn, and ply yarn. A substantial part of the overall revenue of the company is generated from the spinning segment.