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Albaad Massuot Yitzhak (XTAE:ALBA) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Albaad Massuot Yitzhak Momentum Rank?

Albaad Massuot Yitzhak 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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Albaad Massuot Yitzhak (XTAE:ALBA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Albaad Massuot Yitzhak Ltd (XTAE:ALBA) » Definitions » Momentum Rank
Comparable Companies
XTAE:PRMG PG XPAR:OR LSE:ULVR BOM:500696 CL LSE:RKT EL KMB KVUE XTER:BEI XTER:HEN3 CHD TSE:8113 TSE:4452 OSTO:ESSITY B CLX TSE:4911 BOM:532424 BOM:500096
Traded in Other Exchanges
N/A
Address
Kibbutz Massuot Yitzhak, Sde Gat, ISR, 79858
Website
http://www.albaad.com
Albaad Massuot Yitzhak Ltd is engaged in the manufacturing of hygiene products such as wipes and sanitary products. Its products include cleansing wipes and pads, self-tan flick, makeup removal, natural radiance wipes, sunscreen wipes, moist toilet tissue, intimate wipes and personal care products, among others.

Albaad Massuot Yitzhak (XTAE:ALBA) Headlines

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