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The Israel Land Development Co (XTAE:ILDC) Momentum Rank : 0 (As of Dec. 13, 2024)


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What is The Israel Land Development Co Momentum Rank?

The Israel Land Development 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.

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The Israel Land Development Co Business Description

Traded in Other Exchanges
N/A
Address
30 Sheshet Hayamim Street, Bnei Brak, ISR, 5120261
The Israel Land Development Co Ltd owns and manages a chain of hotels in Israel. The company's operating business segments are Property rental; Residential construction development overseas; and Residential construction development in Israel. Property rental segment generates most of the revenue for the firm which is engaged in the rental and management of investment properties throughout Israel and overseas.

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