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Al Hassan Engineering CoOG (MUS:HECI) Momentum Rank : 0 (As of Jun. 24, 2024)


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What is Al Hassan Engineering CoOG Momentum Rank?

Al Hassan Engineering CoOG 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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Al Hassan Engineering CoOG (MUS:HECI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Al Hassan Engineering Co SAOG (MUS:HECI) » Definitions » Momentum Rank
Comparable Companies
BOM:532869 HKSE:08360 HKSE:08275 BOM:540147 BOM:533605 NSE:HECPROJECT BOM:531540 SGX:BLL BOM:531497 FRA:PCP WAR:ATR BKK:KTECH WAR:MSP WAR:EBX BOM:531297 BOM:540786 XKLS:7007 LSE:AUK BOM:538833 BOM:500028
Traded in Other Exchanges
N/A
Address
Ruwi, P.O Box 1948, Muscat, OMN, 112
Website
http://www.al-hassan.com
Al Hassan Engineering Co SAOG is a contracting company providing electrical, mechanical, instrumentation and civil contracting services to the Oil, Gas and Petrochemicals, Power, Water and Wastewater sectors. The company also provides fabrication that includes design, fabrication, and repair of pressure vessels and boilers and maintenance services across all sectors. It derives its revenues from the contracting services it provides to various sectors.

Al Hassan Engineering CoOG (MUS:HECI) Headlines

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