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Haleon Pakistan (KAR:HALEON) Momentum Rank : 0 (As of Jun. 14, 2024)


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What is Haleon Pakistan Momentum Rank?

Haleon 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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Haleon Pakistan (KAR:HALEON) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Haleon Pakistan Ltd (KAR:HALEON) » Definitions » Momentum Rank
Comparable Companies
SHSE:603629 SZSE:002655 SHSE:688655 SZSE:300964 SZSE:001298 SZSE:301285 SZSE:002729 SZSE:301421 SZSE:301141 SZSE:300131 PG XPAR:OR LSE:ULVR BOM:500696 CL LSE:RKT EL KMB KVUE XTER:BEI
Traded in Other Exchanges
N/A
Address
HC-3, Block 4, Scheme-5, Clifton, 11-A, 11th Floor, Sky Tower (East Wing), Dolmen City, Karachi, PAK, 74000
Website
https://www.pk-consumerhealthcare.gsk.com/en-gb
Haleon Pakistan Ltd formerly GlaxoSmithKline Consumer Healthcare Pakistan Ltd engaged in the manufacturing, marketing, and sale of consumer healthcare products in Pakistan. The company is organized into one operating segment which is the consumer healthcare segment. It offers various products in the areas of Pain Relief, Respiratory, Oral Health, Nutrition/Gastro-Intestinal, and Skin Health. Some of its pharmaceutical brands include Sensodyne, Panadol, and others.

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