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Castro Model (XTAE:CAST) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is Castro Model Momentum Rank?

Castro Model 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.

Castro Model Momentum Rank Related Terms

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Castro Model (XTAE:CAST) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Castro Model Ltd (XTAE:CAST) » Definitions » Momentum Rank
Comparable Companies
XTAE:WLFD XTAE:SANO1 XTAE:TPGM XTAE:NTML XTAE:PRMG XTAE:CRMT XTAE:SVRT XTAE:NXFR XMAD:ITX TJX TSE:9983 LULU ROST LSE:NXT BOM:500251 LSE:JD. BURL HKSE:06110 GPS BOM:543426
Traded in Other Exchanges
N/A
Address
35 Ben Zvi Road, Tel Aviv, ISR, 68103
Website
https://www.castro.com
Castro Model Ltd designs, manufactures, and distributes fashion wear for men, women, girls, boys and baby in Israel. The company has three segments which include: the Red line for casual fashion, the Black line, a smart, sophisticated and elegant line and the Blue line, a line of jeans. It also offers complementary collections such as shoes and bags, glasses, lingerie, jewelry and even bicycles and other accessories. The company involves in the retail marketing of fashion products through branded stores operated by subsidiaries in Israel.

Castro Model (XTAE:CAST) Headlines