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Orascom Development EgyptE (CAI:ORHD) 6-1 Month Momentum % : -19.24% (As of Jun. 15, 2024)


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What is Orascom Development EgyptE 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-06-15), Orascom Development EgyptE's 6-1 Month Momentum % is -19.24%.

The industry rank for Orascom Development EgyptE's 6-1 Month Momentum % or its related term are showing as below:

CAI:ORHD's 6-1 Month Momentum % is ranked worse than
86.78% of 575 companies
in the Conglomerates industry
Industry Median: 2.75 vs CAI:ORHD: -19.24

Competitive Comparison of Orascom Development EgyptE's 6-1 Month Momentum %

For the Conglomerates subindustry, Orascom Development EgyptE's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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.


Orascom Development EgyptE's 6-1 Month Momentum % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Orascom Development EgyptE's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Orascom Development EgyptE's 6-1 Month Momentum % falls into.



Orascom Development EgyptE  (CAI:ORHD) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Orascom Development EgyptE  (CAI:ORHD) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Orascom Development EgyptE 6-1 Month Momentum % Related Terms

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Orascom Development EgyptE (CAI:ORHD) Business Description

Traded in Other Exchanges
N/A
Address
Nile City Towers, South Tower, 9th Floor, 2005 A Corniche El Nil, Cairo, EGY, 11221
Orascom Development Egypt SAE is engaged in the development of integrated destinations in Egypt including private villas and apartments, hotels, leisure facilities and other supporting infrastructure. Its segments are Hotels, Real estate, Land sales, Town Management and Other Operations. The Hotel segment includes the provision of hospitality services in two to five-star hotels. Its Real-estate and construction segment includes an acquisition of land in undeveloped areas. The Land sales segment includes the sale of land and land rights to others. Town management consists of the provision of facilities and infrastructure services at resorts and towns. The Other segment comprises of rentals from investment properties, mortgages, hospital services, educational services, and other services.

Orascom Development EgyptE (CAI:ORHD) Headlines

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