The Okomu Oil Palm Co (NSA:OKMO) Momentum Rank : 0 (As of Apr. 16, 2025)

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What is The Okomu Oil Palm Co Momentum Rank?

The Okomu Oil Palm Co has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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The Okomu Oil Palm Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Okomu Oil Palm Co PLC (NSA:OKMO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Okomu-Udo, Ovia South West LGA, P.M.B, Benin, NGA, 1449

Website

https://www.okomunigeria.com

The Okomu Oil Palm Co PLC engages in the cultivation of oil palm and rubber in Nigeria. The company has three reportable segments; the Palm Plantation segment, which produces fresh fruit bunches, crude palm oil, and crude palm kernel; the Rubber Plantation segment, which produces latex and rubber cake; and the Palm Processing segment, which renders palm processing from the company's mill processing equipment. The company processes fresh fruit bunches into crude palm oil for resale, and rubber lumps to rubber cake for export. The company generates maximum revenue from Palm oil products and Rubber products.

The Okomu Oil Palm Co Headlines

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