Allam Group Holding Co (KUW:ALSALAM) Momentum Rank : 0 (As of May. 22, 2024)

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What is Allam Group Holding Co Momentum Rank?

Allam Group Holding Co 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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Allam Group Holding Co (KUW:ALSALAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Al Salam Group Holding Co (KUW:ALSALAM) » Definitions » Momentum Rank

Comparable Companies

KBPH ASX:NGE XCNQ:IDK TSX:PWI MIL:MET NEXX:NFT IST:YESIL TSE:3266 SVVC BKK:TIF1

Traded in Other Exchanges

N/A

Address

Jaber Almubarak Street, Bahabahani Complex, 16th Floor, Kuwait City, KWT

Website

http://www.alsalamholding.com

Al Salam Group Holding Co is a public shareholding company engaged in investment activities. The company's activities include the ownership of stocks and shares of Kuwaiti, foreign and limited liability companies; participation in the establishment of, lending to, as well as managing and acting as a guarantor for these companies; lending money to companies in which it owns approximately 20% or more of the capital of the borrowing company, along with acting as guarantor on behalf of these companies; owning industrial equities, such as patents, industrial trademarks, royalties, or any other related rights and franchising them to others, as well as owning real estate and movable property.

Allam Group Holding Co (KUW:ALSALAM) Headlines

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