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Arabian Centres Co (SAU:4321) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Arabian Centres Co Momentum Rank?

Arabian Centres 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.


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Arabian Centres Co (SAU:4321) Business Description

Traded in Other Exchanges
N/A
Address
8838, Prince Turki Ibn Abdulaziz Al Awwal Road, King Saud University District, Riyadh, SAU, 12373-4925
Arabian Centres Co is a Saudi Arabia-based company. The company owns, operates, and develops lifestyle centers. Its principal activities include the purchase of land for the construction of buildings, development, and investment by selling or renting and contracting works for residential and commercial buildings, including demolition, restoration, drilling, and maintenance work. The company also provides maintenance and operation of commercial centers, tourist resorts, hotels, and restaurants, as well as managing and operating temporary and permanent exhibitions, compounds, and hospitals. It derives the vast majority of its revenue from rental income.

Arabian Centres Co (SAU:4321) Headlines

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