OPMXF (Operadora De Sites Mexicanos de CV) Momentum Rank : 0 (As of Dec. 13, 2024)

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What is Operadora De Sites Mexicanos de CV Momentum Rank?

Operadora De Sites Mexicanos de CV 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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Operadora De Sites Mexicanos de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Operadora De Sites Mexicanos SA de CV (OTCPK:OPMXF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SITES1A-1:Mexico 98Y:Germany

Address

Avenida Paseo de las Palmas no. 781, 7th Floor, Offices 703 - 704, Colonia Lomas de Chapultepec III Section, Mayor's Office Miguel, Mexico, MEX, 11000

Website

https://www.telesites.com.mx

Operadora De Sites Mexicanos SA de CV is engaged in building, installing, maintaining, operating, and marketing, various types of towers and other support structures, as well as physical spaces and other non-electronic elements for the installation of radiating radio communications equipment.

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