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OR Group PJSC (MIC:ORUP) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is OR Group PJSC Momentum Rank?

OR Group PJSC 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.

OR Group PJSC Momentum Rank Related Terms

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OR Group PJSC (MIC:ORUP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » OR Group PJSC (MIC:ORUP) » Definitions » Momentum Rank
Comparable Companies
NKE XPAR:KER XTER:ADS DECK SKX TPE:9910 FL TPE:9904 BSP:ALPA3 HKSE:00551 BOM:500043 BOM:530517 SZSE:002291 SHOO TSE:7936 CROX XKRX:081660 WWW HKSE:01910 BSP:GRND3
Traded in Other Exchanges
N/A
Address
56, 58 Bogdan Khmelnitsky's Street, Novosibirsk, RUS, 630110
Website
http://www.obuvrus.ru
OR Group PJSC manufactures and retails footwear products and accessories. The company offers casuals, semi-sport footwear, and walking and trekking shoes, as well as provides bags, leather accessories, hosiery, and shoe care products. The company serves to the customers in Russia.

OR Group PJSC (MIC:ORUP) Headlines

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