Etihad Etisalat Co JSC (SAU:7020) Momentum Rank : 0 (As of Jun. 06, 2024)

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What is Etihad Etisalat Co JSC Momentum Rank?

Etihad Etisalat Co JSC 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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Etihad Etisalat Co JSC (SAU:7020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Etihad Etisalat Co JSC (SAU:7020) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 23088, Riyadh, SAU, 11321

Website

https://www.mobily.com.sa

Etihad Etisalat Co JSC operates in the telecom sector. The company also manages, installs and operates telephone networks, terminals, and telecommunication unit systems, as well as to sell and maintain mobile phones and telecommunication units in the Kingdom of Saudi Arabia. The company provides integrated services for three main sectors; individuals, businesses, and carriers. All of the company's operations are principally conducted in the Kingdom of Saudi Arabia.

Etihad Etisalat Co JSC (SAU:7020) Headlines

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