Quarterly Research report: ELEC

Thursday, February 08, 2018

Last Updated: Monday, November 20, 2017

Egyptian Electrical Cables (ELEC)

Egyptian Electrical Cables In this Report:
increases 6.3% in past year Highlights: Page
Egyptian Electrical Cables, Egypt's 8th largest Industrial Summary 1
Goods, Services & Automobiles company by market cap,
Analysis 2
has increased 5.0 qirsh (or 6.3%) in the trailing 12 months to
February 08, 2018 to close at 84.0 qirsh. Compared with Price Volume Dynamics 6

the EGX 30 Index which has risen 13.7% over the same News 11
period, this is a relative price change of -7.3%. Average
Peer Group Analysis 13
daily volume of 3 million shares in the trailing year was 1.5
times average daily volume in the previous year. Board and Management 16

Index and Glossary 16

Company Overview Note also:

Section Headers and Figures are mapped as Bookmarks in the PDF
Figure 1: Activities menu (left, top)

Egyptian Electrical Cables is an Egypt-based manufacturer of

power and telecommunication cables with exports to Africa,
Europe and the Arab Countries. The Company's products
include XLPE (cross-linked polyethylene) medium and high
tension power cables up to 220 kilovolts, medium and high
tension paper impregnated power cables up to 33 kilovolts,
low tension power and control cables, domestic wires and
cables, overhead power cables, telecommunication cables,
foam skin telecom cables, telephone cables and wires, over
coat varnish wires and 400 kilovolts cables.
Further details can be found at
http://www.ece.com.eg/.

Industry Group Chemicals

Industry Commodity Chemicals
Activity Industrial Gas
Economic Sector Basic Materials
Business Sector Chemicals

Fig 2: Stock Summary

Shares Outstanding 521,206,875
Sector Industrial Goods, Services &
Automobiles
Market Cap LE437.8 million (US$24.8
million)
TSR (5 yrs) 5.3%
52-Week Range 67.0 qirsh-LE1.04
Relative Strength (3 mo) 20
ISIN EGS3G231C011
PermID 4296134396

www.BuySellSignals.com Index and Glossary at end of this Report.


Analysis
Introduction with Trends
We are currently bearish on this stock in the
short-term based on technical indicators, but
are neutral in the long-term based on
fundamental metrics
What makes us bearish on the stock is the following:
• In the last three months the number of falls outnumbered
rises 27:15 or 1.8:1.
• Its Moving Average Convergence Divergence indicators
are falling, with its 12-day EMA lower than its 26-day
EMA.
• It has underperformed 51% of the market in the past 6
months.
Bullish Signals
• The price to 200-day MAP ratio is 1.04, a bullish indicator.
In the past 200 days this ratio has exceeded 1.04, 98
times suggesting further upside. The 50-day MAP of 89.48
qirsh is higher than the 200-day MAP of 80.98 qirsh,
another bullish indicator.
• The price is below the lower Bollinger band of 84.09 qirsh;
the stock is also oversold according to the Williams % R
indicator of -91.7.
• The present value of EGP1,000 (PV1000) invested five
years ago in Egyptian Electrical Cables is LE1,297,
including a capital gain of LE187 and dividend
reinvested of LE109.
Fig 3: Present Value of EGP1000
invested 5 years ago
• 5 years Multiplier in EGP = 1.297x
• Compound Annual Growth Rate (CAGR) in EGP = 5.3%
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Quarterly Research report: ELEC
Thursday, February 08, 2018
Present Value of USD1,000 invested 5 years
ago:
• The present value of USD1,000 (PV1000) invested five
years ago in Egyptian Electrical Cables is $US491,
including a capital loss of $US550 and dividend
reinvested of $US41.
• 5 years ago USD 1 equalled EGP 6.7159
Fig 4: Present Value of USD1000
invested 5 years ago
• 5 years Multiplier in USD = 0.491x
• Compound Annual Growth Rate (CAGR) in USD = -13.3%
Bearish Signals
• In the last 21 trading sessions there has been a net
decline of 6.7%; the stock has retreated nine times and
the biggest one day decline was 2.3% on February 07.
• In the Egyptian market of 170 stocks traded today, the
stock has a 6-month relative strength of 49 which means
it has underperformed 51% of the market.
• The Moving Average Convergence Divergence (MACD)
indicator of 12-day Exponential Moving Average (EMA)
of 0.88 minus the 26-day EMA of 0.89 is negative
suggesting a bearish signal. Both the 12-day EMA as well
as the 26-day EMA are falling, another bearish signal.
• The Price/MAP 200 of 1.04 for Egyptian Electrical Cables
is lower than the Price/MAP 200 for the EGX 30 Index of
1.26.
Note
• It is at a discount of 19.2% to the 12-month high of LE1.04
on 23 Oct, 2017. It is also at a premium of 25.4% to the
12-month low of 67.0 qirsh on 27 Aug, 2017.
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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Analysis (continued)

Beta & Standard Deviation (SD)

The Beta of this stock is 0.4. A Beta lower than 1 suggests this is
a lower risk, lower return stock with volatility less than that of
the market.
SD is a statistical measure of deviation from the mean. The SD
of 2.2% gives it a percentile rank of 17 meaning that 17% of
stocks in the Egyptian market are less volatile than this stock.

Fig 5: Global Rank [out of 47,428

stocks]
Description Value Rank Quartile
MCap (US$) 24.8M 32,762 Third
Total Assets (US$) 89.8M 25,024 Third
Revenue (US$) 70M 21,861 Second
Net Profit (US$) 4.9M 18,778 Second
Return on Equity % 7.6 17,105 Second
Net Profit Margin % 7.0 14,851 Second
Price to Book 0.8 7,219 Top
Price Earnings 10.5 4,948 Top
PV$1000 (1Year) US$* 1,142 17,982 Second
US$* Change (1Year) 12.9 17,953 Second
%
Rel Strength 6 Mo 78 10,391 Top
(US$)
* 1 year ago USD 1 = EGP 18.94; Feb 08, 2018: USD 1 = EGP
17.67

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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Analysis (continued)

Fig 6: MCap - Historical

Perspective
In the past 5 years Market Capitalization has increased by
LE50.6 million from LE387.2 million to LE437.8 million. Based
on a dynamic start date of 5 years ago, there have been
declines in MCap in 3 out of 5 years.

Price MCap MCap

(EGP M) (US$ M)
Last 84.0 qirsh 437.8 24.8
1 Year ago 79.0 qirsh 432.3 21.6
2 Years ago 66.67 qirsh 364.8 46.6
3 Years ago LE1.12 615.5 80.6
4 Years ago LE1.10 600.6 86.3
5 Years ago 70.75 qirsh 387.2 57.8

Shareholder Returns
Trailing quarter
The stock fell 27 times (43.5% of the time), was unchanged 20 times (32.3% of the time) and rose 15 times (24.2% of the time).
The aggregate volume was 0.8 times average trading of 3 million shares. The value of LE1,000 invested 3 months ago is LE903 [vs
LE1,052 for the EGX 30 Index] for a capital loss of LE97.

Trailing 12 Months
The stock fell 95 times (40.6% of the time), was unchanged 70 times (29.9% of the time) and rose 69 times (29.5% of the time).
The value of LE1,000 invested a year ago is LE1,063 [vs LE1,128 for the EGX 30 Index] for a capital gain of LE63.

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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Analysis (continued)

Fig 7: Present Value of LE1000 invested in the past

PVLE1,000 3 mo ago 1 yr ago 3 yrs ago
ELEC LE903 LE1,063 LE747
Industrial Goods, Services & LE1,197 LE1,369 LE2,580
Automobiles sector
EGX 30 Index LE1,052 LE1,128 LE1,498

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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Price Volume Dynamics (Past quarter)

Fig 8: The Best 3 weeks Fig 9: The Worst 3 weeks
Sun-Thu Change EGX 30 RPC % Vol Ind Sun-Thu Change EGX 30 RPC % Vol Ind
% index [1 is % index [1 is
Change avg] Change avg]
% %
Dec 10-14 4.7 2.7 2 1 Nov 12-16 -6.3 -3.5 -2.8 1
Dec 31-Jan 04 4.6 -1.6 6.2 0.8 Nov 05-09 -4 0.2 -4.3 1.6
Jan 14-18 2.2 1.1 1.1 1.2 Feb 04-08 -3.4 -1.1 -2.3 0.5

Fig 10: Weekly Price Change (%) and Volume Index (Last 3 months)

Price increase fuelled by above average Volume Price increase on below average Volume

Price decrease fuelled by above average Volume Price decrease on below average Volume

Price unchanged on above average Volume Price unchanged on below average Volume
Untraded

In the last 13 weeks the share price was down 9.7%. It fell in 5/13 weeks. Of the 5 weeks, the stock fell on above average
volume in 2 weeks.

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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Price Volume Dynamics (continued)

Fig 11: Price Volume Trend: Trailing Quarter

Egyptian Electrical Cables hit a 3-month high of 98.0 qirsh on Nov 12 and a 3-month low of 83.0 qirsh on Feb 08.

Fig 12: Fibonacci Retracement

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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Price Volume Dynamics (continued)

Fig 13: Trailing 3 months Fig 14: Trailing Price Change %

Turnover US$7.5 million 3-Year price change for ELEC was -25.3%. Compared with
Volume 147,665,650 the EGX 30 index which rose 49.7% in the 3 years, the
relative price change was -75%.
Volume Index (1 is avg) 0.8
Price Change % Quarter Year 3 Years
ELEC -9.7 6.3 -25.3
Sector* 19.7 32.4 157.1
EGX 30 index 5 13.7 49.7
* Industrial Goods, Services & Automobiles

Volatility Fig 16: YTD Comparison Stock

The stock traded between a 52-week low of 67.0 qirsh and a Sector Index (%)
high of LE1.04. The average daily volatility of 3.2% places the
stock in the 3rd quartile in the market meaning it is mildly
volatile.

Fig 15: Price High Low Close

Fig 17: Relative Strength

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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Price Volume Dynamics (continued)

Fig 18: Price/Moving Avg Price Fig 19: Turnover Rate & Period
[P/MAP200]

In the last 3 months the share price has exceeded Moving

Avg Price on 61/62 days; a bullish signal.

Fig 20: % Change (Tr. 12 Mo): Stock (6.3%) v Index (13.7%)

In the trailing 12 months Egyptian Electrical Cables has underperformed the EGX 30 index by 7.3%.

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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Price Volume Dynamics (continued)

Fig 21: USD1 buys EGP 17.65 today: Depreciation of EGP from 3.38
twenty-five years ago

Fig 22: Year-on-Year Comparison (Trailing year - ended 31 Jan)

2018 2017 2016 2015 2014 2013
Price 31 Jan (qirsh) 88 80 66.67 113.38 96.15 67.12
% Price Change 10 20 -41.2 17.9 43.3
Avg Daily Volume 3,059,159 1,954,309 1,775,154 6,478,400 2,222,076 940,944
VWP (qirsh) 84.53 83.52 84.93 136.46 77.43 70.19
Turnover Period 9 mo 1 yr 25 d 11 mo 3 mo 1 yr 2 mo 26 yrs 6 mo
Price Range (qirsh) 67 - 104 64.76 - 98.1 60.95 - 115.19 96.15 - 180.5 41.72 - 100.68 64.4 - 77.1
Index Change % 18.7 111.5 -39.1 32.9 32.1
Relative Price Change % -8.7 -91.5 -2.1 -15 11.2

In the past 5 years average daily volume has jumped 225.1% from 940,944 shares to 3.1 million shares. Turnover period has
decreased from 26 years 6 months to 9 months.

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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Regulatory Announcements

Fig 23: Financial Results

announcements
December 20 2017: Electro Cable Egypt expects profit
increase in Giza Power by FY 2017
ArabFinance: Electro Cable Egypt (ELEC) announced in a
statement sent to EGX that it owns 99% of Giza Power
Industry, as it has started working in initial of 2017. The actual
impact of Giza Power Industry's production showed in
financial results ending September 30, 2017, it achieved net
profits of LE16,222,081.
For more details click here.

April 26 2017: Electro Cable Egypt's OGM ratifies

financial results ending 2016
ArabFinance: Electro Cable Egypt (ELEC) declared in a
statement sent to EGX, the ordinary general assembly was
convened on April 13.
Electro Cable's OGM approved the financial results for the
fiscal period ending December 2016.
The OGM approved mandating the company's board to sign
netting contracts for the fiscal year 2017.
For more details click here.

Fig 24: Share Capital

August 10 2017: Electro Cable Egypt cancels its lands
public auction
ArabFinance: Electro Cable Egypt (ELEC) reported in a
statement was sent to EGX, it has cancelled the public
auction which was held on August to sell some of its lands.
The company added proposed prices did not reach the real
land prices so it has intended to rebid in another auction.
It is worth mentioning, the company did not assign the date
of the second auction.
For more details click here.

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Press Releases
January 30: Egyptian Electrical Cables announces EGM
Egyptian Electrical Cables has announced its Extra Ordinary
General Meeting will take place on Monday, February 26.
January 24: FRA ratifies QNB increase capital by LE890
m regarding decisions number 17 & 18, to halt the company's
ArabFinance: Financial Regulatory Authority (FRA) approved,
January 23, Electro Cable Egypt's (ELEC) disclosure report to
conduct procedures of issued and paid capital increase to
LE711,447,385 from LE547,267,219 with increase amounting to
LE164,180,166.
The capital increase will be distributed over LE164,180,166,
with the par value of LE1 per share.
For more details click here.
January 24: Telecom Egypt signs settlement with
Etisalat Misr
Cairo: Telecom Egypt (ETEL) announced in a release to the
Egyptian Exchange that it has reached a final settlement
agreement with Etisalat Misr in regards to a dispute on
international calls' services.
The settlement covered the amounts gained from the start of
rendering services to Etisalat Misr and until June 13, 2017.
For more details click here.
January 10: Electro Cable submits documents to raise
capital by LE164 m- EGX says
ArabFinance: Financial Regulatory Authority (FRA)
announced on January 08, 2018, Electro Cable Egypt's
(ELEC) documents regarding capital increase according to
EGX's listing rules.
The Company intends to increase issued capital to
LE711,447,385 from LE547,267,219 with increase amounting to
LE164,180,166, according to Board's resolution that convened
on December 31, 2017.
The capital increase will be distributed over LE164,180,166,
with par value of LE1 per share.
For more details click here.
November 15 2017: Electro Cable Egypt losses shrink to
LE12 m ending Sept 2017
ArabFinance: Electro Cable Egypt (ELEC) announced in a
statement sent to EGX, the audited financial results for the
fiscal period starting January 1, 2017, and ending September
30, 2017. The company incurred consolidated net losses of
LE12,210,817, versus net losses of LE33,629,193 in the same
period a year ago.
For more details click here.
August 14 2017: Electro Cable Egypt widens losses
ending 1H2017
ArabFinance: Electro Cable Egypt (ELEC) announced in a
statement sent to EGX the audited financial results for the
fiscal period starting January 1, 2017, and ending June 30,
2017.
The company incurred consolidated net losses of
LE26,457,478, versus net losses of LE15,222,139 in the same
period a year ago.
For more details click here.
www.BuySellSignals.com
Quarterly Research report: ELEC
Thursday, February 08, 2018
August 07 2017: Wednesday: Electro Cable Egypt to
hold public auction
ArabFinance: Electro Cable Egypt (ELEC) announced in a
statement sent to EGX, the court approved on August 6,
2017, cancelling the temporary rule issued on August 1
publish auction, that was scheduled to be held on August 9,
2017.
According to the above-mentioned, the company asserted
it will resume procedures of the public auction on August 9.
For more details click here.
August 03 2017: Electro Cable Egypt conducts
procedures against halting its auction
ArabFinance: Electro Cable Egypt (ELEC) announced in a
statement sent to EGX, a temporary verdict has been issued
on August 1, 2017, to halt the company's publish auction,
that was scheduled to be held on August 9, 2017.
The company has filed a grievance against the ruled issued,
adding it will conduct all the legal procedures as the lands
which will be offered in the auction are owned by the
company.
For more details click here.
May 18 2017: Electro Cable losses reach LE22.4 m
ending March 2017
ArabFinance: Electro Cable Egypt (ELEC)announced in a
statement sent to EGX, the audited financial results for the
fiscal period starting January 1, 2017, and ending March 31,
2017.
The company incurred consolidated net losses of
LE22,452,815, versus net losses of LE7,870,709 in the same
period a year ago.
For more details click here.
March 26 2017: Electro Cable Egypt incurs LE83.6 m
losses ending 2016
ArabFinance: Electro Cable Egypt (ELEC) announced in a
statement sent to EGX the audited financial results for the
fiscal period starting January 1, 2016, and ending December
31, 2016.
The company incurred consolidated net losses of
LE83,615,000.
Moreover, it incurred standalone net losses of LE43,290,886,
against posting net profits of LE27,172,206 in the same period
a year ago.
For more details click here.
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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Peer Group Analysis & Ranking

Fig 25: Global Peer Group Analysis (all figures in USD)
Name Relative Str. MCap PV $1000 Revenue Net Profit Total Assets
(6 mo) (1 yr)
Karyon Industries 30 25.4M 1,080.1 35.3M 2.2M 29.9M
Keltech Energies 88 25.2M 2,376.1 33.2M 909,653.9 17.6M
SK Chemicals Preference 24 25M 818.2 6.4B 75.8M 6B
Amal 74 25M 1,669.3 4.5M 1.4M 2.6M
Egyptian Electrical Cables 78 24.8M 1,141.7 70M 4.9M 89.8M
Jocil 50 24.7M 1,180.3 64.6M 1.3M 39.1M
Captain Polyplast 45 24.5M 1,077.5 20.4M 758,871.2 15.8M
Egyptian Transport and Commercial 92 24.5M 3,661.6 14.1M 1.2M 25.6M
Services
Ghani Gases 28 24.5M 689.4 16.5M 1.1M 44.8M

Global Peer Group Analysis (continued)

Code Country Last Price P/E P/S Turnover % Disc to 52- Retention
Rate (%) w Hi Ratio
0054 MY 21.0 sen 11.6 0.7 166.8 31.5 83.4
506528 IN Rs1,622.20 27.1 0.7 26.6 27.2 95.7
A006125 KR KRW20,000.0 5.7 495.9 50.6
506597 IN Rs170.30 17.8 5.5 30.1 25.5
ELEC EG 84.0 qirsh 128.8 19.2
JOCIL IN Rs179.20 19.1 0.4 28.7 26.1 67.5
536974 IN Rs156.65 33.1 1.2 14.2 15.8 95.9
ETRS EG LE13.88 196.8 13.0
GGL PK PKR21.74 23.3 1.5 167.0 49.0

Fig 26: Global Peer Group - Price Performance

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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Peer Group Analysis & Ranking (continued)

Fig 27: Global Peer Group - Total Shareholder Return [TSR in USD]

Fig 28: Compare and Sort: ELEC vs Industrial Goods, Services &
Automobiles sector
Company Name Code MCap 52-W 52-W Rel. Str 6- PV$1000 P/NTA P/E Yield
(USD, M) High Low Mo 1 year (%)
Egyptian Electrical ELEC 25 1.0 0.7 49 1,063 - - -
Cables

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Fig 29: BuySellSignals Fundamentals Valuation Table: Egyptian Market

Egyptian Lowest
- ELEC Rank Rank 1 Rank 2 Rank 3
Avg Rank
Total Debt/Equity - 0.3x 74 AITG MILS 0.001x 5.8x
UEFM OREG

Discount to 52-Wk High (%) 3.7 19.2 80 64.01 61.6 58.3 0.7
AFMC MCQE COSG AUTO

Premium to 52-Wk Low (%) 47.3 25.4 39 2.05 2.5 2.8 925.8
SCEM ORWE AIND EGAL

ROA (%) 0.7 5.5 65 44.1 27.6 25.3 0.2

ALCN MCQE SKPC MMAT

ROE (%) 12.1 7.6 94 47.99 43.1 40.1 -

ALCN MCQE HELI

EBITDA Margin 39.9 8.8 71 83.1 79.8 78.8 (71.9)

CIRF SEIG PRMH EGTS

Values in bracket are negative.

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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Peer Group Analysis & Ranking (continued)

Fig 30: Independent Rating

+ BSS/News Bites:
Egyptian Electrical Cables is placed 132/165 in BSS News
Bites' ranking of Egyptian performers in the past year, a
percentile ranking of 20.

Fig 31: Long-Term Fundamental

Ranking: 3 out of 5
Egyptian Electrical Cables is ranked number 8 out of 19 listed
industrial goods, services & automobiles companies [that
traded today] in Egypt with a market capitalization of LE437.8
million (US$24.8 million).

Stocks are scored on a set of

parameters reflecting
fundamental analytical tools
involving valuation, size and
financial performance. They
are ranked according to the
average values of those
parameters. The highest
ranking is 5 and the lowest
ranking is 1.

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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Board and Management & creation of shareholder value

Fig 32: At a glance

Name Designation
Mostafa Abdel Rasool Director

Mohamed Wahba Director

Fikri Nawara Director

Essmat Awad El-Sayad Director

Khadiga Hassan Katary Director

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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Index

Section 1. Egyptian Electrical Cables (ELEC) 1

Company Overview 1
Figure 1: Activities 1
Fig 2: Stock Summary 1

Section 2. Analysis 2
Introduction with Trends 2
Bullish Signals 2
Fig 3: Present Value of EGP1000 invested 5 years ago 2
Fig 4: Present Value of USD1000 invested 5 years ago 2
Bearish Signals 2
Fig 5: Global Rank [out of 47,428 stocks] 3
Fig 6: MCap - Historical Perspective 4
Shareholder Returns 4
Fig 7: Present Value of LE1000 invested in the past 5

Section 3. Price Volume Dynamics (Past quarter) 6

Fig 8: The Best 3 weeks 6
Fig 9: The Worst 3 weeks 6
Fig 10: Weekly Price Change (%) and Volume Index (Last 3 months) 6
Fig 11: Price Volume Trend: Trailing Quarter 7
Fig 12: Fibonacci Retracement 7
Fig 13: Trailing 3 months 8
Fig 14: Trailing Price Change % 8
Volatility 8
Fig 15: Price High Low Close 8
Fig 16: YTD Comparison Stock Sector Index (%) 8
Fig 17: Relative Strength 8
Fig 18: Price/Moving Avg Price [P/MAP200] 9
Fig 19: Turnover Rate & Period 9
Fig 20: % Change (Tr. 12 Mo): Stock (6.3%) v Index (13.7%) 9
Fig 21: USD1 buys EGP 17.65 today: Depreciation of EGP from 3.38 twenty-five years ago 10
Fig 22: Year-on-Year Comparison (Trailing year - ended 31 Jan) 10

Section 4. Regulatory Announcements 11

Fig 23: Financial Results announcements 11
Fig 24: Share Capital 11

Section 5. Peer Group Analysis & Ranking 13

Fig 25: Global Peer Group Analysis (all figures in USD) 13
Fig 26: Global Peer Group - Price Performance 13
Fig 27: Global Peer Group - Total Shareholder Return [TSR in USD] 14
Fig 28: Compare and Sort: ELEC vs Industrial Goods, Services & Automobiles sector 14
Fig 29: BuySellSignals Fundamentals Valuation Table: Egyptian Market 14
Fig 30: Independent Rating 15
Fig 31: Long-Term Fundamental Ranking: 3 out of 5 15

Section 6. Board and Management & creation of shareholder value 16

Names, Positions, Biographies, Performance
Fig 32: At a glance 16

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 Quarterly Research report: ELEC
Thursday, February 08, 2018

Glossary
Capital Gain/Loss from n Years Ago to n-1 Years Ago:
Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
PVLE1000 (Fig 6, 3, 4, 7):
Present value of LE1000 invested 1 year/'n' years ago
Price/Earnings (Fig 26, 5):
Share Price/Earnings Per Share (times)
Price/Sales (Fig 26):
Share Price/Sales Per Share (times)
Relative Strength (n-th Period) (Fig 17, 2, 5, 25):
Price close today/Price close 'n' periods ago, then ranked by
percentile within the entire market.
Turnover (Fig 13):
Last Price * Volume
Turnover Rate (Fig 26, 19):
Egyptian Pound value of annual trading volume as a percentage of
market capitalisation
Volume Weighted Price (VWP) (Fig 22):
The Volume Weighted Price (VWP) is the summation of turnover
divided by total volume in the same period.
Moving Average Price (n periods) (Fig 18):
Sum of Prices for each Period/Number of Periods
Price Close/Moving Avg Price (Fig 18):
Latest Price/Moving Average Price
Price/NTA (Fig 5):
Closing Share Price/Net Tangible Assets Per Share (times)
Relative Price Change [RPC] (Fig 22):
Relative price change is price change of stock with respect to
Benchmark Index
Return on Equity (Shareholders' Funds) (Fig 5):
Net Profit/Net Assets (%)
Turnover Period (Fig 22):
Time Period required for trading all Outstanding Shares
Volume Index (VI) (Fig 10, 13):
Number of shares traded in the period/Average number of shares
traded for the period

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