Jazan Development and Investment Co (SAU:6090) Momentum Rank : 0 (As of Apr. 27, 2025)

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

What is Jazan Development and Investment Co Momentum Rank?

Jazan Development and Investment Co has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Jazan Development and Investment Co Momentum Rank Related Terms

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

Jazan Development and Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jazan Development and Investment Co (SAU:6090) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kournaish Street, P.O. Box 127, Jazan, SAU

Website

https://www.jazadco.com.sa

Jazan Development and Investment Co is involved in various businesses, including cultivating mangoes, shrimp farming, preserving fish, producing and packaging pure filtered water, hotels, and heritage hotels. It also owns the land and real estate and conducts off-plan sales activities.

Jazan Development and Investment Co Headlines

No Headlines