Tamdeen Investment Co (KSCC) (KUW:TAMINV) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is Tamdeen Investment Co (KSCC) Momentum Rank?

Tamdeen Investment Co (KSCC) 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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Tamdeen Investment Co (KSCC) (KUW:TAMINV) Business Description

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Traded in Other Exchanges

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Address

South Al Sura - Al Zahra’a Area, 360 Mall- 6th Ring Road, 4th Floor, Box No. 22509, Safat, Kuwait, KWT, 13066

Website

https://www.tamdeeninvestment.com

Tamdeen Investment Co (KSCC) conducts financial investment transactions in all economic sectors inside and outside Kuwait, performing transactions related to dealing in securities such as the purchase and sale of shares and bonds of both companies and government authorities, carrying out investment and portfolio management activities. Geographically, it derives a majority of its revenue from Kuwait.

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