Al Hassan Ghazi Ibrahim Shaker (SAU:1214) Momentum Rank : 0 (As of Jun. 21, 2024)

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What is Al Hassan Ghazi Ibrahim Shaker Momentum Rank?

Al Hassan Ghazi Ibrahim Shaker 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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Al Hassan Ghazi Ibrahim Shaker (SAU:1214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Al Hassan Ghazi Ibrahim Shaker (SAU:1214) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahad Road, Near the Raval Tower, P.O.Box 5124, Shaker Group Building, Alsahafa District, Riyadh, SAU, 11422

Website

https://www.shaker.com.sa

Al Hassan Ghazi Ibrahim Shaker is engaged in the trading and wholesale parts, electronic equipment, household equipment and air-conditioners, and maintenance. It also provides agency services for companies in the same business. The company trades for the brands like LG, maytag, Ariston, Indesit, Midea, and Kitchen aid.

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