Omni Bridgeway (ASX:OBL) Momentum Rank : 4 (As of May. 05, 2024)

View and export this data going back to 2000. Start your Free Trial

What is Omni Bridgeway Momentum Rank?

Omni Bridgeway has the Momentum Rank of 4.

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.

Competitive Comparison of Omni Bridgeway's Momentum Rank

For the Credit Services subindustry, Omni Bridgeway's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Omni Bridgeway's Momentum Rank Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Omni Bridgeway's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Omni Bridgeway's Momentum Rank falls into.

Omni Bridgeway Momentum Rank Related Terms

Thank you for viewing the detailed overview of Omni Bridgeway's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Omni Bridgeway (ASX:OBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Omni Bridgeway Ltd (ASX:OBL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IMMFF:USA MXG1:Germany

Address

35 Clarence Street, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.omnibridgeway.com

Omni Bridgeway Ltd investigates, manages, and funds litigation claims in Australia. The company's practice areas include commercial litigation, funding for insolvency, class actions, and arbitration. Its operating segment includes Corporate; Fund 1; Fund 2 and 3; Fund 4; Fund 5 and Fund 6. The company generates maximum revenue from the Corporate segment. Geographically, it derives a majority of its revenue from Europe.

Omni Bridgeway (ASX:OBL) Headlines

No Headlines