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Bin Dawood Holding (SAU:4161) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Bin Dawood Holding Momentum Rank?

Bin Dawood Holding 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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Bin Dawood Holding (SAU:4161) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Bin Dawood Holding (SAU:4161) » Definitions » Momentum Rank
Comparable Companies
SAU:4001 SAU:9556 KR TSE:3382 XAMS:AD ASX:WOW TSX:L LSE:TSCO TSX:WN BKK:CPALL ASX:COL ACI XPAR:CA TSX:MRU WAR:DNP TPE:2912 ISX:AMRT LSE:SBRY TSX:EMP.A OHEL:KESKOA
Traded in Other Exchanges
N/A
Address
Al-Madinah Al-Munawarah Road, Al Naeem, Jeddah, SAU, 21530
Website
https://www.bindawoodholding.com
Bin Dawood Holding is the grocery retail operator of hypermarkets and supermarkets in Saudi Arabia. The company's Stores comprise trading of FMCG, fresh Food Products, and Non-Food Products, including household consumable items, as well as the ownership and management of in-store bakeries.

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