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Babelon Investments Co (AMM:SALM) Momentum Rank : 0 (As of May. 24, 2024)


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What is Babelon Investments Co Momentum Rank?

Babelon Investments Co 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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Babelon Investments Co (AMM:SALM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Babelon Investments Co PLC (AMM:SALM) » Definitions » Momentum Rank
Comparable Companies
BOM:503681 BOM:512591 BOM:511185 BOM:531568 BOM:530469 BOM:531515 CDIX BOM:531713 FWLAF BOM:511507 WAR:VCP BOM:532164 WAR:ERN TSXV:RBZ.P TSXV:BROC.P TSXV:SCH.P TSX:XMF.A TSXV:TTO.H TSXV:USHA.P TSXV:VON.P
Traded in Other Exchanges
N/A
Address
Boulevard 14 Rafic Hariri Avenue, Kawar Building, P.O. Box 9207, Amman, JOR, 11191
Website
Babelon Investments Co PLC is a Jordan-based company that engages in the provision of financial services. Its principal activity is dealing in stock listed on the Amman Stock exchange, including purchasing and selling stocks for the interests of the company and others.