GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sasini PLC (NAI:SASN) » Definitions » Momentum Rank

Sasini (NAI:SASN) Momentum Rank : 0 (As of Jun. 21, 2024)


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

What is Sasini Momentum Rank?

Sasini 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.

Sasini Momentum Rank Related Terms

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

Sasini (NAI:SASN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sasini PLC (NAI:SASN) » Definitions » Momentum Rank
Comparable Companies
NAI:WTK NAI:KUKZ ADM SZSE:002714 SZSE:300498 SHSE:600438 TSN BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN XKLS:2445 XKLS:4065 BKK:CPF SZSE:002385 SHSE:600095 SHSE:600598 SZSE:002299 SZSE:000998
Traded in Other Exchanges
N/A
Address
Off Brookside Grove, Rivaan Centre, P.O. Box 30151, 3rd Floor, Westlands, Nairobi, KEN, 00100
Website
https://www.sasini.co.ke
Sasini PLC, along with its subsidiaries, is engaged inare the growing, processing, and sale of tea and coffee, the milling and trading of coffee, value addition operations on related products, and forestry and packing of avocado fruits and macadamia nuts for export. The operating segments of the group are Tea, Coffee, Macadamia, Avocado, and Others. It derives key revenue from the Tea segment which involves the growing and processing of tea. Its products include Retail tea, Bulk tea, Retail coffee, Bulk coffee, and other products.

Sasini (NAI:SASN) Headlines

No Headlines