MOL Hungarian Oil and Gas (MOL Hungarian Oil and Gas) Momentum Rank : 10 (As of May. 25, 2024)

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What is MOL Hungarian Oil and Gas Momentum Rank?

MOL Hungarian Oil and Gas has the Momentum Rank of 10.

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 MOL Hungarian Oil and Gas's Momentum Rank

For the Oil & Gas Refining & Marketing subindustry, MOL Hungarian Oil and Gas'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.

MOL Hungarian Oil and Gas's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MOL Hungarian Oil and Gas's Momentum Rank distribution charts can be found below:

* The bar in red indicates where MOL Hungarian Oil and Gas's Momentum Rank falls into.

MOL Hungarian Oil and Gas Momentum Rank Related Terms

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MOL Hungarian Oil and Gas (MOL Hungarian Oil and Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MOL Hungarian Oil and Gas PLC (OTCPK:MGYOY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MOL:Poland MOL:Hungary 0RUK:UK MOGB:Germany MOL:Czech Republic

Address

Dombovari ut 28, Budapest, HUN, H-1117

Website

https://www.molgroup.info

MOL Hungarian Oil and Gas PLC is a multinational integrated oil and gas company. The group has various segments which include Upstream, Downstream, Consumer services, Gas midstream, and Corporate and other. The Downstream segment derives the majority of the revenue which consists of different business activities that are part of an integrated value chain that turns crude oil into a range of refined products, which are moved and marketed for household, industrial, and transport use. Geographically its sales come from Hungary, Croatia, Slovakia, Italy, Czech Republic, Romania, Austria, Europe, and the Rest of the World.