Engro Fertilizers (KAR:EFERT) Momentum Rank : 0 (As of Jun. 21, 2024)

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What is Engro Fertilizers Momentum Rank?

Engro Fertilizers 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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Engro Fertilizers (KAR:EFERT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Engro Fertilizers Ltd (KAR:EFERT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No HC No-3, Marine Drive, Block 4, 7th & 8th Floor, The Harbor Front Building, Scheme Number 5, Clifton, Karachi, SD, PAK, 75600

Website

https://www.engrofertilizers.com

Engro Fertilizers Ltd is a Pakistan-based company mainly involved in the manufacturing, purchasing, and marketing of fertilizers, seeds, and pesticides and providing logistics services. It operates in five segments: Urea, Phosphates, Specialty Fertilizers Business, Crop Sciences division, and E-logistics. The company offers different ranges of products under brand names such as Engro Urea, Engro DAP, Engro NP, Engro Envy, Engro Zarkhez, Engro MOP, and Zingro.

Engro Fertilizers (KAR:EFERT) Headlines

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