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Dangote Sugar Refinery (NSA:DSRP) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Dangote Sugar Refinery Momentum Rank?

Dangote Sugar Refinery 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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Dangote Sugar Refinery (NSA:DSRP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dangote Sugar Refinery PLC (NSA:DSRP) » Definitions » Momentum Rank
Comparable Companies
BOM:524542 BOM:524330 BOM:524080 BOM:506528 BOM:506605 BOM:531921 BOM:524667 BOM:524570 BOM:506655 BOM:523586 MDLZ HSY XSWX:LISN XSWX:BARN XKRX:271560 TR TSE:2222 CAS:CSR TSE:2201 XKRX:004990
Traded in Other Exchanges
N/A
Address
Terminal E, Shed 20, 3rd Floor, GDNL Administrative Building, NPA Wharf Port Complex, Apapa, Lagos, NGA
Website
https://sugar.dangote.com
Dangote Sugar Refinery PLC is engaged in refining raw sugar into edible sugar and selling refined sugar. The company is also engaged in the cultivation and milling of sugar cane to finished sugar. Its geographical segments include Northern Nigeria, Western Nigeria, Eastern Nigeria, and Lagos. The company derives a majority of revenue from the Northern Nigeria region.

Dangote Sugar Refinery (NSA:DSRP) Headlines

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