Golden Harvest Agro Industries (DHA:GHAIL) Momentum Rank : 0 (As of May. 14, 2024)

View and export this data going back to 2013. Start your Free Trial

What is Golden Harvest Agro Industries Momentum Rank?

Golden Harvest Agro Industries 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.

Golden Harvest Agro Industries Momentum Rank Related Terms

Thank you for viewing the detailed overview of Golden Harvest Agro Industries's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Golden Harvest Agro Industries (DHA:GHAIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Golden Harvest Agro Industries Ltd (DHA:GHAIL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

186, Gulshan -Tejgaon Link Road, S/501 & 502, Shanta Western Tower, Level-5, Tejgoan I/A, Dhaka, BGD, 1208

Website

http://www.goldenharvestbd.com

Golden Harvest Agro Industries Ltd engages in owning and controlling the frozen food processing plant. The company offers frozen food products of vegetables, ready to eat foods, finger foods, and other products, as well as ice cream and milk. It is also involved in vegetable processing activities. The company's business activities include growing, procuring, purchasing, processing, packaging, warehousing, transporting, exporting, importing, distributing and selling. The company has three segments frozen snacks and dairy, majority of its revenue is derived from frozen snacks segment.

Golden Harvest Agro Industries (DHA:GHAIL) Headlines

No Headlines