GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Omnicom Group Inc (BSP:O1MC34) » Definitions » Momentum Rank

Omnicom Group (BSP:O1MC34) Momentum Rank : 0 (As of May. 15, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Omnicom Group Momentum Rank?

Omnicom Group 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.

Omnicom Group Momentum Rank Related Terms

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

Omnicom Group (BSP:O1MC34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Omnicom Group Inc (BSP:O1MC34) » Definitions » Momentum Rank
Comparable Companies
IPG CMPR ZD CRTO IAS ADV MGNI QNST DLX STGW XPAR:PUB SZSE:002027 LSE:WPP TSE:4324 XPAR:DEC XTER:SAX TSE:2433 TSE:4751 SAU:4071 SZSE:300058
Traded in Other Exchanges
OMC:USA OCN:Germany
Address
280 Park Avenue, New York, NY, USA, 10017
Website
https://www.omnicomgroup.com
Omnicom is the world's second-largest ad holding company, based on annual revenue. The firm's services, which include traditional and digital advertising and public relations, are provided worldwide, with over 80% of its revenue coming from more developed regions such as North America and Europe.

Omnicom Group (BSP:O1MC34) Headlines

No Headlines