Saudi Industrial Development Co (SAU:2130) Momentum Rank : 0 (As of Dec. 12, 2024)

View and export this data going back to 1993. Start your Free Trial

What is Saudi Industrial Development Co Momentum Rank?

Saudi Industrial Development Co 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.

Saudi Industrial Development Co Momentum Rank Related Terms

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

Saudi Industrial Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Saudi Industrial Development Co (SAU:2130) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Mohammed Bin Abdulaziz Street, P.O. Box 12105, Al Faisaliah District, Jeddah, SAU, 21473

Website

https://www.sidc.com.sa

Saudi Industrial Development Co is engaged in the production of sanitary wares including (washing basins, showers, toilets, etc.), and the manufacture of sponge products. The company operates in the following sectors such as Mattress and sponge sector, includes the production and sale of sponges with various pressures and structures of mattresses, beds and all their accessories. Sanitary ware sector, includes the production and sale of sanitary ware, wall tiles, ceramic flooring and acrylic bathtubs. Transportations consist of transport goods and equipment. Financial investment in portfolio trading in the market and Other sectors. Mattresses and sponges generates key revenue for the company.

Saudi Industrial Development Co Headlines

No Headlines