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Al-Quds Ready Mix (AMM:AQRM) Momentum Rank : 0 (As of May. 28, 2024)


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What is Al-Quds Ready Mix Momentum Rank?

Al-Quds Ready Mix 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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Al-Quds Ready Mix (AMM:AQRM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Al-Quds Ready Mix (AMM:AQRM) » Definitions » Momentum Rank
Comparable Companies
WAR:PBB JSE:MZR WAR:MAX BOM:502271 BOM:507894 BOM:523467 BOM:531049 BOM:523732 BOM:513528 XKLS:7143 BOM:534563 BOM:532823 WAR:MMA WAR:HOT WAR:KPC BOM:540072 BOM:515018 WAR:KBD OSTO:POLY WAR:RCA
Traded in Other Exchanges
N/A
Address
Al Mugableen, Al Sakhra Al Musharafeh street, P.O. Box 710078, Amman, JOR, 11171
Website
https://www.qrm.jo
Al-Quds Ready Mix is engaged in manufacturing ready-mix concrete and real estate investment. The company's projects are the Al-Andalusia Project, the Le Meridian Hotel, the As-Samra wastewater treatment plant, the Al-Estiklal Project, and others.

Al-Quds Ready Mix (AMM:AQRM) Headlines

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