Y.H.Dimri Building & Development (XTAE:DIMRI) Momentum Rank : 0 (As of Jun. 07, 2024)

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What is Y.H.Dimri Building & Development Momentum Rank?

Y.H.Dimri Building & Development 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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Y.H.Dimri Building & Development (XTAE:DIMRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Y.H.Dimri Building & Development Ltd (XTAE:DIMRI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Jerusalem Street, Netivot, ISR, 80200

Website

http://www.dimri.co.il

Y.H.Dimri Building & Development Ltd is engaged in the construction and marketing residential projects. It also builds and markets commercial, industrial, resort, as well as mixed-use properties. It has projects in cities such as Petah tikva, Bat yam, Jerusalem, Ashdod, Kiryat gat, Ashkelon. It also operates abroad in Romania and Czech republic.

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