National Cleaning Co (KUW:CLEANING) Momentum Rank : 0 (As of Jun. 07, 2024)

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What is National Cleaning Co Momentum Rank?

National Cleaning 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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National Cleaning Co (KUW:CLEANING) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » National Cleaning Co (KUW:CLEANING) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near National Oil Company, P.O Box 25702, North Sabhan, Safat, Kuwait City, KWT, 13118

Website

http://www.ncc-kw.com

National Cleaning Co is a Kuwait based company. It has three segments. The Cleaning segment, which is the key revenue driver, includes external cleaning contracts, environment cleaning contracts, and supply and sale of cleaning materials and the materials necessary to remedy environmental pollution. The Agriculture and animal production segment includes contracts for the construction, landscaping, beautifying, and cleaning of parks and related agricultural works and trading in agricultural equipment and anima production. The Financial investment segment includes investing in money market instruments and investment in the management of quoted and unquoted equity in the organized financial market. Geographically, it has a presence in Kuwait, Qatar, Turkey, and India.

National Cleaning Co (KUW:CLEANING) Headlines

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