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Organizacion Terpel (BOG:TERPEL) Momentum Rank : 0 (As of Sep. 26, 2024)


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What is Organizacion Terpel Momentum Rank?

Organizacion Terpel has the Momentum Rank of 0.

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.

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Organizacion Terpel Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Organizacion Terpel SA (BOG:TERPEL) » Definitions » Momentum Rank
Comparable Companies
BKK:BOFFICE BKK:PROSPECT BKK:SPRIME BKK:WHABT BKK:DREIT BKK:KTBSTMR BKK:AMATAR BKK:TPRIME BKK:GROREIT BKK:SRIPANWA NSE:RELIANCE MPC PSX VLO OHEL:NESTE TPE:6505 XKAZ:KMGZ NSE:IOC TSE:5020 DINO
Traded in Other Exchanges
N/A
Address
Carrera 7 No. 75-51, Bogota, COL
Website
https://www.terpel.com
Organizacion Terpel SA is engaged in the business of dealing with lubricant oils, operating service stations and provide car wash services. The company also services the marine fuel market of cargo ships, dredgers, tugboats, offshore equipment's and barges that reach Colombian ports. Also, the company serves the aviation market with various types of fuels required. Geographically, the company operates in Colombia, Panama, and Other countries out of which Colombia generates maximum revenue.

Organizacion Terpel Headlines

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