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KIDO Group (STC:KDC) Momentum Rank : 0 (As of Jun. 02, 2024)


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What is KIDO Group Momentum Rank?

KIDO Group 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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KIDO Group (STC:KDC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » KIDO Group Corp (STC:KDC) » Definitions » Momentum Rank
Comparable Companies
STC:SBT STC:BBC MDLZ HSY XSWX:LISN XSWX:BARN XKRX:271560 TR TSE:2222 CAS:CSR TSE:2201 XKRX:004990 BOM:532670 BOM:500125 BOM:500038 IST:ULKER BOM:532356 NSA:DSRP SZSE:301206 XKRX:280360
Traded in Other Exchanges
N/A
Address
138 - 142 Hai Ba Trung Street, Da Kao Ward, District 1, Ho Chi Minh City, VNM
Website
http://www.kinhdo.vn
KIDO Group Corp is a Vietnamese company engaged in the production of confectionery and baked goods. The company's brand portfolio includes AFC, COSY, Solite, and Slide. It produces cakes, buns, chips, cream-filled rolls, biscuits, and salted crackers.

KIDO Group (STC:KDC) Headlines