Musandam Power CoOG (MUS:MSPW) Momentum Rank : 0 (As of Dec. 13, 2024)

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What is Musandam Power CoOG Momentum Rank?

Musandam Power 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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Musandam Power CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Musandam Power Co SAOG (MUS:MSPW) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Al Rawaq Building, 2nd Floor, Office No.206, Al Qurum, OMN

Website

https://www.musandampower.com

Musandam Power Co SAOG is the owner of an independent power plant in the Musandam region of the Sultanate of Oman. It is the owner of the first independent power plant in the Musandam region. With a contracted power capacity of 120.7 MW, the company caters to the current and near-term demand of the region and is a proud contributor to its development aspirations.

Musandam Power CoOG Headlines

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