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Caribbean Cement Co (XJAM:CCC) Momentum Rank : 0 (As of May. 27, 2024)


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What is Caribbean Cement Co Momentum Rank?

Caribbean Cement 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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Caribbean Cement Co (XJAM:CCC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Caribbean Cement Co Ltd (XJAM:CCC) » Definitions » Momentum Rank
Comparable Companies
WAR:PBB NGM:WIL BOM:502271 BOM:531221 BOM:523467 BOM:523732 BOM:534563 BOM:507894 WAR:KPC BOM:540072 WAR:MMA BOM:513528 BOM:532823 BOM:515018 WAR:HOT BOM:502281 ASX:CDH BOM:532931 WAR:KBD TSXV:SMS
Traded in Other Exchanges
N/A
Address
Rockfort, Kingston, JAM
Website
https://www.caribcement.com
Caribbean Cement Co Ltd is engaged in the manufacture and sale of cement, clinker, and the mining and sale of gypsum, shale, and pozzolan. It manufactures Portland cement in Jamaica. The Company's products include Carib Cement Plus, Carib Cement OPC provided in regular bags, jumbo bags, and bulk.

Caribbean Cement Co (XJAM:CCC) Headlines

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