Manila Broadcasting Co (PHS:MBC) Momentum Rank : 10 (As of Jun. 23, 2024)

View and export this data going back to 1949. Start your Free Trial

What is Manila Broadcasting Co Momentum Rank?

Manila Broadcasting Co has the Momentum Rank of 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.

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

Competitive Comparison of Manila Broadcasting Co's Momentum Rank

For the Broadcasting subindustry, Manila Broadcasting Co's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Manila Broadcasting Co's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Manila Broadcasting Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Manila Broadcasting Co's Momentum Rank falls into.

Manila Broadcasting Co Momentum Rank Related Terms

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

Manila Broadcasting Co (PHS:MBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Manila Broadcasting Co (PHS:MBC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

MBC Building, V. Sotto Street, Roxas Boulevard, CCP Complex, Metro Manila, Pasay City, PHL, 1307

Website

https://manilabroadcasting.com.ph

Manila Broadcasting Co owns and operates radio stations. It is principally engaged in the radio broadcasting business which includes various programming formats, such as DZRH and Aksyon Radyo, Love Radio, Yes-FM, Hot-FM, Easy Rock, and Radyo Natin. The company also broadcasts and organizes events, and produces and sponsors concerts. The activity of the group is operated through cities or towns of the Philippines. The revenue sources of the company are derived from the provision of services like broadcasting, hosting and customer event, and digital services.