GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Oman Arab Bank SAOC (MUS:OAB) » Definitions » Momentum Rank

Oman Arab BankOC (MUS:OAB) Momentum Rank : 0 (As of May. 25, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Oman Arab BankOC Momentum Rank?

Oman Arab BankOC 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.

Oman Arab BankOC Momentum Rank Related Terms

Thank you for viewing the detailed overview of Oman Arab BankOC's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Oman Arab BankOC (MUS:OAB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Oman Arab Bank SAOC (MUS:OAB) » Definitions » Momentum Rank
Comparable Companies
MUS:BKNZ MUS:ABOB MUS:BKDB MUS:NBOB MUS:BKSB CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN HKSE:01658 SAU:1180 BSP:ITUB3
Traded in Other Exchanges
N/A
Address
North Al Ghoubra, P.O. Box 2240, Al-Udhayabah, Muscat, OMN, 130
Website
https://www.oman-arabbank.com
Oman Arab Bank SAOC is a provider of banking services in Oman. Its segments are Retail banking; Corporate banking; Treasury; Islamic Banking and Others. The company generates maximum revenue from the Retail banking segment. Its Retail banking Individual personal loan, overdraft, credit card, and funds transfer facilities.

Oman Arab BankOC (MUS:OAB) Headlines

No Headlines