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Almarai Co (SAU:2280) Momentum Rank : 0 (As of May. 26, 2024)


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What is Almarai Co Momentum Rank?

Almarai 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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Almarai Co (SAU:2280) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Almarai Co (SAU:2280) » Definitions » Momentum Rank
Comparable Companies
SAU:2050 SAU:2270 SAU:6010 SAU:2283 SAU:6001 SAU:2100 SAU:9564 SAU:9515 SAU:9549 SAU:9536 XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
N/A
Address
Exit 7, North Ring Road, P.O. Box 8524, Al Izdihar District, Riyadh, SAU, 11492
Website
https://www.almarai.com
Almarai Co is a manufacturer and distributor of quality and nutritious food and beverages. The company's product portfolio consists of dairy products along with juices, bakery, poultry, and infant formula under the brands Almarai, Joosy Life, Beyti, Teeba, L'usine, 7days, Alyoum, and AlBashayer. Its segments include Dairy and Juice, Bakery, Poultry, and Other activities. The majority of the revenue is derived from the sale of the dairy and Juice segment. Majority of its revenue is generated from Saudi Arabia.

Almarai Co (SAU:2280) Headlines

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