Maple Leaf Cement Factory (KAR:MLCF) Momentum Rank : 0 (As of Oct. 09, 2024)

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What is Maple Leaf Cement Factory Momentum Rank?

Maple Leaf Cement Factory 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.

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Maple Leaf Cement Factory Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Maple Leaf Cement Factory Ltd (KAR:MLCF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

42-Lawrence Road, Lahore, PB, PAK

Website

https://www.kmlg.com

Maple Leaf Cement Factory Ltd is engaged in the business of manufacturing and sale of cement. Geographically, it derives majority of its revenue from Asia and has a presence in Africa. Its product offering includes various types of cement such as sulfate resistant cement, low alkali cement, white cement, wall coat cement, and ordinary Portland cement.

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