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City Cars (XTUN:CITY) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is City Cars Momentum Rank?

City Cars 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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City Cars (XTUN:CITY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » City Cars SA (XTUN:CITY) » Definitions » Momentum Rank
Comparable Companies
BOM:539402 NGO:3384 AGGG FSE:3047 SGX:T19 XKLS:7080 TSE:7623 ACCA LSE:CFYN BOM:531041 OCSE:AM B TSE:2754 CALI TSE:8298 HKSE:01139 HKSE:08126 COL:DIMO.N0000 TSE:3377 XLIS:SVA TSE:3184
Traded in Other Exchanges
N/A
Address
31, Rue desusines ZI Kheireddine, la Goulette, Tunis, TUN
Website
https://www.kia.tn
City Cars SA is a Tunisia-based company that operates in the new and used car dealers sector. The company is mainly engaged in the import, export, and marketing of transport and industrial vehicles as well as all spare parts, accessories, and in general any accessory products.

City Cars (XTUN:CITY) Headlines

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