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Siniora Food Industries (AMM:SNRA) Momentum Rank : 0 (As of Jun. 02, 2024)


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What is Siniora Food Industries Momentum Rank?

Siniora Food Industries 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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Siniora Food Industries (AMM:SNRA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Siniora Food Industries (AMM:SNRA) » Definitions » Momentum Rank
Comparable Companies
AMM:UMIC XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF BIMBOA HRL K MKC SGX:F34 SAU:2280 DUB:KRZ HKSE:02319 XAMS:JDEP
Traded in Other Exchanges
N/A
Address
King Abdullah II Bin Al-Hussein Industrial Estate, P.O. Box 191, Sahab, Amman, JOR, 11512
Website
https://www.siniorafood.com
Siniora Food Industries is a processed meat food company. Its objectives are producing, selling and buying meat and its byproducts; importing and exporting the necessary raw materials; and producing food products and trading. The company generates maximum revenue from Outside the Kingdom.

Siniora Food Industries (AMM:SNRA) Headlines

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