Livestock Transport & Trading Co (KUW:CATTL) Momentum Rank : 0 (As of Dec. 15, 2024)

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What is Livestock Transport & Trading Co Momentum Rank?

Livestock Transport & Trading 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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Livestock Transport & Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Livestock Transport & Trading Co (KUW:CATTL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sulaibiya Agricultural Area, Block 12, P.O. Box 23727, Kuwait, KWT, 13098

Website

https://www.almawashi.com.kw

Livestock Transport & Trading Co is engaged in livestock import & export business. It operates in three segments: Commercial, which includes purchasing, transporting, ranching, and selling the live and slaughtered sheep and all skins, intestines, and fertilizers, and also purchasing and selling fodder and chilled & frozen meat in wholesale and retail; Food processing segment includes meat processing and its classification in all products and selling it in wholesale; and Investments segment include investment portfolios managed by specialized companies and deposits. It generates the majority of its revenue from the Commercial segment. Its geographical segments are Kuwait, UAE, Australia, and South Africa, of which Kuwait accounts for most of its revenue.

Livestock Transport & Trading Co Headlines

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