DoubleDragon (PHS:DD) Momentum Rank : 0 (As of Apr. 10, 2025)

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What is DoubleDragon Momentum Rank?

DoubleDragon has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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DoubleDragon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » DoubleDragon Corp (PHS:DD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DDPR.PFD:Philippines

Address

Corner Macapagal Avenue and EDSA Extension Boulevard, 10th floor, Tower 1, DD Meridian Park Bay Area, Boulevard Barangay 76 Zone 10, San Rafael, Metro Manila, Pasay, PHL, 1302

Website

https://www.doubledragon.com.ph

DoubleDragon Corp. is a Philippines-based real estate company focused on in the ownership and operation of a portfolio of leasable properties which is has four business segments such as retail leasing, office leasing, hospitality, and industrial leasing. The real estate development segment is engaged in the development of real estate assets to be held as trading inventory and for sale. The leasing segment is engaged in the acquisition and/or development of real estate assets in the retail, office, and industrial sectors that are held for rentals. The hospitality segment is engaged in the acquisition and/or development of hotels which will be managed and operated by the Group.