Ocean Wilsons Holdings (BDA:OCN.BH) Momentum Rank : 6 (As of Jun. 04, 2024)

View and export this data going back to 1998. Start your Free Trial

What is Ocean Wilsons Holdings Momentum Rank?

Ocean Wilsons Holdings has the Momentum Rank of 6.

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 Ocean Wilsons Holdings's Momentum Rank

For the Marine Shipping subindustry, Ocean Wilsons Holdings'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.

Ocean Wilsons Holdings's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ocean Wilsons Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ocean Wilsons Holdings's Momentum Rank falls into.

Ocean Wilsons Holdings Momentum Rank Related Terms

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

Ocean Wilsons Holdings (BDA:OCN.BH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ocean Wilsons Holdings Ltd (BDA:OCN.BH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

OCN:UK

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.oceanwilsons.bm

Ocean Wilsons Holdings Ltd is a Bermuda-based investment holding company, which, through its subsidiaries, operates a maritime services company in Brazil and holds a portfolio of international investments. The company operates in two segments including maritime services and investments. The maritime services segment provides towage, port terminals operation, ship agency, offshore support, logistics, and shipyard services in Brazil, and the investment segment holds a portfolio of focuses on generating returns from its international investments.

Ocean Wilsons Holdings (BDA:OCN.BH) Headlines

No Headlines