OMV Petrom (LSE:PETB) Momentum Rank : 10 (As of May. 05, 2024)

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What is OMV Petrom Momentum Rank?

OMV Petrom has the Momentum Rank of 10.

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 OMV Petrom's Momentum Rank

For the Oil & Gas Integrated subindustry, OMV Petrom'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.

OMV Petrom's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, OMV Petrom's Momentum Rank distribution charts can be found below:

* The bar in red indicates where OMV Petrom's Momentum Rank falls into.

OMV Petrom Momentum Rank Related Terms

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OMV Petrom (LSE:PETB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » OMV Petrom SA (LSE:PETB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SNP:Romania

Address

22 Coralilor Street, District 1, Bucharest, ROU, 013329

Website

https://www.omvpetrom.com

OMV Petrom SA is an integrated oil and gas company operating in Romania. The company has three segments. The exploration & Production segment consists of the exploration, development, & production of crude oil, & natural gas. The refining & Marketing segment produces & delivers gasoline, diesel & other petroleum products to its customers, while through filling stations networks offers also a variety of services & non-oil business (NOB) goods. The gas business unit, part of the Gas & Power segment, has the objective to focus on gas sales, & becoming a regional player. Business division Power, part of the Gas & Power segment, mainly extends the gas value chain into a gas-fired power plant. The majority is from Refining & marketing segment. Geographically, key revenue is from Romania.

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