GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Security Papers Ltd (KAR:SEPL) » Definitions » Momentum Rank

Security Papers (KAR:SEPL) Momentum Rank : 0 (As of Jun. 05, 2024)


View and export this data going back to 1967. Start your Free Trial

What is Security Papers Momentum Rank?

Security Papers 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.


Security Papers Momentum Rank Related Terms

Thank you for viewing the detailed overview of Security Papers's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Security Papers (KAR:SEPL) Business Description

Traded in Other Exchanges
N/A
Address
Jinnah Avenue, Malir Halt, Karachi, SD, PAK, 75100
Security Papers Ltd is engaged in the business of manufacturing security paper for Banknotes and other Security Paper products such as Prize Bonds, Defense Savings Certificates, Non-Judicial Stamp Papers, Passport Papers, Cheque Book, Certificate for Educational Boards, and Degree for Universities, and Ballot Paper.

Security Papers (KAR:SEPL) Headlines

No Headlines