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CVO Petrochemical Refinery (DHA:CVOPRL) Momentum Rank : 0 (As of May. 01, 2024)


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What is CVO Petrochemical Refinery Momentum Rank?

CVO Petrochemical Refinery 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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CVO Petrochemical Refinery (DHA:CVOPRL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CVO Petrochemical Refinery PLC (DHA:CVOPRL) » Definitions » Momentum Rank
Comparable Companies
DHA:JAMUNAOIL DHA:PADMAOIL DHA:MPETROLEUM NSE:RELIANCE MPC PSX VLO OHEL:NESTE TPE:6505 XKAZ:KMGZ NSE:IOC TSE:5020 DINO IST:TUPRS XKRX:096770 BOM:500547 HKSE:00135 IEP TSE:5019 BKK:OR
Traded in Other Exchanges
N/A
Address
37, Katalgonj, Panchlaish, Chattogram, BGD, 4203
Website
http://www.cvopetro.com
CVO Petrochemical Refinery Ltd is a petrochemical company. It is engaged in the production and sale of Hydrocarbon Solvent with the use of new raw material Naphtha and also supplies fuels like Motor Spirit (MS), Mineral Turpentine (MTT), HSD (High-Speed Diesel) which it produces from Natural Gas Condensate.

CVO Petrochemical Refinery (DHA:CVOPRL) Headlines

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