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Isfahanman Gostar Co (XTEH:SGOS1) Momentum Rank : 0 (As of Jun. 21, 2024)


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What is Isfahanman Gostar Co Momentum Rank?

Isfahanman Gostar 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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Isfahanman Gostar Co (XTEH:SGOS1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Isfahan Saman Gostar Co (XTEH:SGOS1) » Definitions » Momentum Rank
Comparable Companies
WAR:ABM BOM:513359 BOM:526865 BOM:526843 BOM:509870 BOM:508860 BOM:532925 BOM:533048 BOM:531339 BOM:531784 XLIS:GPA BOM:532766 ATRM NSE:TRANSWIND NSE:MANAV TSXV:RGI BOM:541735 NGM:MVV B WAR:VIA BOM:526839
Traded in Other Exchanges
N/A
Address
Imam Hossein Square, Azim Jahanaz Arg, Classes 6 and 7, Isfahan, IRN
Website
http://www.samangostar.com
Isfahan Saman Gostar Co is a construction company. Its business activities are divided into three fields including civil and construction, architecture and urban planning, financial and commercial services as well as industry and manufacturing fields. Its project holdings include City of Dreams Project, Zarrin Big Market Project, Grand citadel of the world Project and Wise Huge Market Project.

Isfahanman Gostar Co (XTEH:SGOS1) Headlines

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