United Projects Co for Aviation Services KSCC (KUW:UPAC) Momentum Rank : 0 (As of Jun. 09, 2024)

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What is United Projects Co for Aviation Services KSCC Momentum Rank?

United Projects Co for Aviation Services KSCC 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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United Projects Co for Aviation Services KSCC (KUW:UPAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Projects Co for Aviation Services KSCC (KUW:UPAC) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Kuwait International Airport, Mezzanine Parking, P. O. Box 27068, Safat, Kuwait, KWT, 13131

Website

https://www.upac.com.kw

United Projects Co for Aviation Services KSCC is a Kuwait-based company. Its services include project management and consultancy, real estate development, and property and facilities management. The company's services are used by retailers, food and beverage companies, airline companies, and financial institutions. The company operates in two business segments. Investments consist of investing in Reem Mall and surplus funds in investment portfolios. Service operations consist of managing projects and providing airplane ground and cleaning services among other services. The service operations segment generates maximum revenue for the company. Their projects portfolio includes Airport Mall and Facilities, Sheikh Saad Terminal, Discovery Center, and Reem Mall.

United Projects Co for Aviation Services KSCC (KUW:UPAC) Headlines

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