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Air Arabia PJSC (DFM:AIRARABIA) Momentum Rank : 0 (As of Jun. 02, 2024)


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What is Air Arabia PJSC Momentum Rank?

Air Arabia PJSC 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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Air Arabia PJSC (DFM:AIRARABIA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Arabia PJSC (DFM:AIRARABIA) » Definitions » Momentum Rank
Comparable Companies
DFM:EMAAR DFM:EMAARDEV DFM:TECOM ADX:ESHRAQ ADX:RAKPROP ADX:ARAM DFM:DEYAAR DAL DUB:RYA SHSE:601111 SHSE:600029 LUV SGX:C6L SHSE:600115 NSE:INDIGO UAL IST:THYAO TSE:9202 SHSE:600221 XTER:LHA
Traded in Other Exchanges
N/A
Address
P.O. Box 132, Sharjah, ARE
Website
https://www.airarabia.com
Air Arabia PJSC is a group of airlines and companies offering travel and tourism services around the world. It consists of a handful of international hubs located in North Africa and the Middle East. Additionally, it provides ground handling and MRO (maintenance, repair, and overhaul), flight simulators and training, and hospitality services. Flight destinations are spread across North Africa, the Middle East, Asia, and Europe.

Air Arabia PJSC (DFM:AIRARABIA) Headlines

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