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Aluminium Bahrain BSC (BAH:ALBH) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Aluminium Bahrain BSC Momentum Rank?

Aluminium Bahrain BSC 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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Aluminium Bahrain BSC (BAH:ALBH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluminium Bahrain BSC (BAH:ALBH) » Definitions » Momentum Rank
Comparable Companies
BOM:526441 BOM:540159 BOM:543651 BOM:532640 NSE:MPTODAY BOM:535647 BOM:543951 BOM:543305 BOM:509073 BOM:541799 SHSE:601600 NSE:HINDALCO OSL:NHY HKSE:01378 XKLS:8869 BUE:ALUA SZSE:000807 MIC:RUAL SHSE:600219 AA
Traded in Other Exchanges
ALBH:UK
Address
94 Road, King Hamad Highway, Building 150, Block 951, P.O. Box 570, Askar, BHR
Website
https://www.albasmelter.com
Aluminium Bahrain BSC manufactures aluminum and aluminum related products. The company owns and operates aluminum smelter where it produces Extrusion Billets, Foundry Alloy Ingots Propertzi and Standard Ingot Form, Rolling Slabs, Tee and Standard Ingots and Liquid Metal. The other products of the company are anodes, water, power, and calcined coke.

Aluminium Bahrain BSC (BAH:ALBH) Headlines

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