Egyptian Co for Construction Development-Lift Slab (CAI:EDBM) Momentum Rank : 0 (As of Jun. 10, 2024)

View and export this data going back to 1999. Start your Free Trial

What is Egyptian Co for Construction Development-Lift Slab Momentum Rank?

Egyptian Co for Construction Development-Lift Slab 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.

Egyptian Co for Construction Development-Lift Slab Momentum Rank Related Terms

Thank you for viewing the detailed overview of Egyptian Co for Construction Development-Lift Slab's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Egyptian Co for Construction Development-Lift Slab (CAI:EDBM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Egyptian Co for Construction Development-Lift Slab (CAI:EDBM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

58 El Thawra Street, AL-QAAHIRAH, Heliopolis, Cairo, EGY

Website

http://www.liftslab.net

Egyptian for Developing Building Materials manufactures building & construction materials. The Company also supplies construction systems and construction equipment. Some of its projects are Sharm El -sheikh Airport, Suez Canal Bridge & King Fahd.

Egyptian Co for Construction Development-Lift Slab (CAI:EDBM) Headlines

No Headlines