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Media Times (KAR:MDTL) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is Media Times Momentum Rank?

Media Times 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.

Media Times Momentum Rank Related Terms

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Media Times (KAR:MDTL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Media Times Ltd (KAR:MDTL) » Definitions » Momentum Rank
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NSE:DNAMEDIA WAR:MZA BOM:532640 TSXV:FP BOM:530733 XLJU:DPRG BOM:509069 NSE:MPTODAY GPIW NSE:SABEVENTS SGX:YYB XKLS:5754 MIL:BLUE TSXV:LM BKK:SPORT-R MIL:PSF WAR:PTW XSAT:EVERY A XKLS:7190 HKSE:08006
Traded in Other Exchanges
N/A
Address
96-B/1, M.M. Alam Road, Lower Ground Floor, First Capital House, Gulberg-III, Lahore, PB, PAK
Website
https://www.dailytimes.com.pk
Media Times Ltd is involved in printing and publishing English and Urdu newspapers and magazines under the names Daily Times and AajKal. The company is also engaged in production, promotion, advertisement, distribution, and broadcasting of television programs through satellite channels by the name of Business Plus and Zaiqa. The company's operating segment includes Print Media and Electronic Media. Geographically, it operates only in Pakistan.

Media Times (KAR:MDTL) Headlines

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