Omani Euro Food Industries (MUS:OEFI) Momentum Rank : 0 (As of Jun. 25, 2024)

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What is Omani Euro Food Industries Momentum Rank?

Omani Euro Food Industries 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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Omani Euro Food Industries (MUS:OEFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Omani Euro Food Industries (MUS:OEFI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jawharat Al Shatti, P.O. Box 23, Sultanate of Oman, OMN, 134

Website

http://www.babyfoodoman.com

Omani Euro Food Industries is a health food manufacturing company in Oman. It is engaged in the manufacturing and marketing of baby foods and related products. The company offers a range of baby food and nutritional food under the brand name of Mother's Choice. It is also involved in the contract manufacturing of baby cereals, biscuits, rusks and health drink powder for other food brands. Its products are exported to many countries in Gulf Cooperation Council, Africa, and Asia.

Omani Euro Food Industries (MUS:OEFI) Headlines

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