Jahez International Co for Information and Technology (SAU:6017) Momentum Rank : 0 (As of Dec. 14, 2024)

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What is Jahez International Co for Information and Technology Momentum Rank?

Jahez International Co for Information and Technology 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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Jahez International Co for Information and Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jahez International Co for Information and Technology (SAU:6017) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2065, King Abdullah bin Abdulaziz Road, P.O. Box 2065, Al-Waha District 8594, Riyadh, SAU, 12444

Website

https://www.jahezgroup.com

Jahez International Co for Information and Technology operates as an online food delivery platform, connecting users, merchants, and delivery partners across the Kingdom. It engages in providing wireless data services, systems analysis, designing and programming software and providing delivery services via e-platforms.

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