Dogan Sirketler Grubu Holdings AS (IST:DOHOL) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is Dogan Sirketler Grubu Holdings AS Momentum Rank?

Dogan Sirketler Grubu Holdings AS 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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Dogan Sirketler Grubu Holdings AS (IST:DOHOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Dogan Sirketler Grubu Holdings AS (IST:DOHOL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Burhaniye Mahallesi K?s?kl? Caddesi No. 65, Üsküdar, Istanbul, TUR, 34676

Website

http://www.doganholding.com.tr

Dogan Sirketler Grubu Holdings AS is a conglomerate operating in various sectors including media, energy and retail, as well as industry, real estate and automotive marketing, tourism and financial services. The company's segments consist of Publishing, Broadcasting, Retail, Energy and Other. The majority of the revenue is generated from the production, transmission, distribution, domestic and international wholesale and retail trade of energy in Turkey.

Dogan Sirketler Grubu Holdings AS (IST:DOHOL) Headlines

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