Willdale (XZIM:WILD.ZW) Momentum Rank : 0 (As of Sep. 24, 2024)

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What is Willdale Momentum Rank?

Willdale 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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Willdale Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Willdale Ltd (XZIM:WILD.ZW) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

19.5km Peg Lomagundi Road, Mount Hampden, Harare, ZWE

Website

https://www.willdale.co.zw

Willdale Ltd is a clay brick manufacturer and distributor in Zimbabwe. Its clay brick products portfolio includes Blue Heart, Blue Multi, Blue Smooth, Cinker, Dark Splashed, Rustic, window Cill, Red Defour, Plum, and others. Geographically company has a presence in Zimbabwe.

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