Dito CME Holdings (Dito CME Holdings) Momentum Rank : 1 (As of May. 11, 2024)

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What is Dito CME Holdings Momentum Rank?

Dito CME Holdings has the Momentum Rank of 1.

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.

Competitive Comparison of Dito CME Holdings's Momentum Rank

For the Telecom Services subindustry, Dito CME Holdings's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dito CME Holdings's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Dito CME Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Dito CME Holdings's Momentum Rank falls into.

Dito CME Holdings Momentum Rank Related Terms

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Dito CME Holdings (Dito CME Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Dito CME Holdings Corp (OTCPK:DTTOF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DITO:Philippines

Address

Rizal Drive Corner 4th Avenue, 21st Floor, Udenna Tower, Bonifacio Global City, Taguig, PHL, 1634

Website

https://www.ditocmeholdings.ph

Dito CME Holdings Corp is focused on information technology, multimedia telecommunications, and other similar industries. Along with its subsidiaries, the company also offers digital and internet protocol (IP) converged services to hotels, tourism outfits, and healthcare facilities. It offers in-room entertainment, including digital television services and high-speed Internet access to hotel rooms.

Dito CME Holdings (Dito CME Holdings) Headlines

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