GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Middle East Specialized Cables Co (SAU:2370) » Definitions » Momentum Rank

Middle East Specialized Cables Co (SAU:2370) Momentum Rank : 0 (As of Jun. 18, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Middle East Specialized Cables Co Momentum Rank?

Middle East Specialized Cables 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.


Middle East Specialized Cables Co Momentum Rank Related Terms

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


Middle East Specialized Cables Co (SAU:2370) Business Description

Traded in Other Exchanges
N/A
Address
Salahuddin Street, King Abdulaziz Sector, PO Box 60536, Riyadh, SAU, 11555
Middle East Specialized Cables Co is a company which is engaged in the production and sale of flexible electric, coaxial, rubber and nylon coated wires and cables, telephone cables for internal extensions, computer cables, safety and anti-fire wires and cables, and control and transmission of information cables. The company's products include instrumentation and process control cables, Building wire, power, and control cables (PVC), data and communication cable, Flexible cables, fire cables, irrigation cables, bare copper and PVCs. It operates its business in two geographic segments namely Saudi Arabia and Unites Arab Emirates (UAE). The majority of the company's revenue comes from Saudi Arabia.

Middle East Specialized Cables Co (SAU:2370) Headlines

No Headlines