Dar Almarkabah For Renting Cars Co (SAU:9577) Momentum Rank : 0 (As of Jun. 11, 2024)

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What is Dar Almarkabah For Renting Cars Co Momentum Rank?

Dar Almarkabah For Renting Cars 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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Dar Almarkabah For Renting Cars Co (SAU:9577) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Dar Almarkabah For Renting Cars Co (SAU:9577) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Makkah Al Mukarramah Road, Al-Rabwah District, Riyadh, SAU, 12813

Website

https://www.dsrent.com.sa/

Dar Almarkabah For Renting Cars Co is a rental car service company. The activities of the company are car rental service without driver. car rental service with driver. long term leasing service. rental vehicles for companies and government sectors and transfer service to and from airports. valet parking.

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