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Alkim Alkali Kimya AS (IST:ALKIM) Momentum Rank : 0 (As of Apr. 29, 2024)


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What is Alkim Alkali Kimya AS Momentum Rank?

Alkim Alkali Kimya AS 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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Alkim Alkali Kimya AS (IST:ALKIM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Alkim Alkali Kimya AS (IST:ALKIM) » Definitions » Momentum Rank
Comparable Companies
IST:KONKA IST:TEZOL OHEL:UPM BUE:CELU BSP:SUZB3 OHEL:STERV LSE:MNDI OSTO:HOLM A BSP:KLBN3 SZSE:002078 XSGO:CMPC TSE:3861 ISX:INKP XLIS:NVG HKSE:02689 OSTO:BILL SLVM SHSE:603733 SHSE:600963 ISX:TKIM
Traded in Other Exchanges
N/A
Address
Inonu Caddesi No:13, Taksim, Istanbul, TUR, 34437
Website
http://www.alkim.com
Alkim Alkali Kimya AS is a Turkey-based company engaged in the paper and chemical business activity. The business segments of the group are Chemical products which involves the production and sales of Sodium Sulphate and derivatives; Paper segment covering production and sales of paper products and Other operations segment. It derives key revenue from the Paper segment.

Alkim Alkali Kimya AS (IST:ALKIM) Headlines

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