Orascom Development Holding AG (CHIX:ODHNZ) Momentum Rank : 1 (As of Dec. 11, 2024)

View and export this data going back to 2013. Start your Free Trial

What is Orascom Development Holding AG Momentum Rank?

Orascom Development Holding AG has the Momentum Rank of 1.

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 Orascom Development Holding AG's Momentum Rank

For the Real Estate - Development subindustry, Orascom Development Holding AG'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.

Orascom Development Holding AG's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Orascom Development Holding AG's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Orascom Development Holding AG's Momentum Rank falls into.

Orascom Development Holding AG Momentum Rank Related Terms

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

Orascom Development Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Orascom Development Holding AG (CHIX:ODHNz) » Definitions » Momentum Rank

Traded in Other Exchanges

ODHN:Switzerland

Address

Gotthardstrasse 12, Altdorf, CHE, 6460

Website

https://www.orascomdh.com

Orascom Development Holding AG is a developer of fully integrated destinations, including hotels, private villas, and apartments, leisure facilities such as golf courses, marinas, and supporting infrastructure. Its operating segments are anized into Hotels, Real Estate and Construction, Land Sales, Destination Management and Other Operations. It operates various destinations: Egypt (El Gouna, Taba Heights, Makadi Heights and Byoum), The Cove in the United Arab Emirates, Jebel Sifah and Hawana Salalah in Oman, Lustica Bay in Montenegro and Andermatt Reuss in Switzerland.

Orascom Development Holding AG Headlines

No Headlines