GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » GPH Ispat Ltd (DHA:GPHISPAT) » Definitions » Momentum Rank

GPH Ispat (DHA:GPHISPAT) Momentum Rank : 0 (As of Apr. 29, 2024)


View and export this data going back to 2012. Start your Free Trial

What is GPH Ispat Momentum Rank?

GPH Ispat 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.

GPH Ispat Momentum Rank Related Terms

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

GPH Ispat (DHA:GPHISPAT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » GPH Ispat Ltd (DHA:GPHISPAT) » Definitions » Momentum Rank
Comparable Companies
DHA:BSRMSTEEL DHA:BSRMLTD DHA:SALAMCRST NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF TPE:2002 BUE:TXAR SZSE:000708 SHSE:600010 JSE:KIO CLF TSE:5411
Traded in Other Exchanges
N/A
Address
Crown Chamber, 325 Asadgonj, Chattogram, BGD, 4000
Website
https://www.gphispat.com.bd
GPH Ispat Ltd is engaged in the manufacturing and trading of iron products and steel. It also produces low and medium carbon and low alloy steel billets. The company products include Billet and Rebar which include Deformed bar and Plain bar.

GPH Ispat (DHA:GPHISPAT) Headlines

No Headlines