Oriental Petroleum & Minerals (PHS:OPM) Momentum Rank : 0 (As of Jun. 12, 2024)

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What is Oriental Petroleum & Minerals Momentum Rank?

Oriental Petroleum & Minerals 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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Oriental Petroleum & Minerals (PHS:OPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oriental Petroleum & Minerals Corp (PHS:OPM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

OPTBF:USA OPMB:Philippines

Address

ADB Avenue, Ortigas Center, 34th Floor, Robinsons Equitable Tower, Pasig City, PHL, 1600

Website

https://www.opmc.com.ph

Oriental Petroleum & Minerals Corp is an exploration company. It is engaged in exploring, developing, and producing petroleum and mineral resources in the Philippines. It operates in the Oil Exploration and Development segment. Its operational activities depend on its service contracts with the government. The principal properties of the company consist of petroleum exploration areas in the Philippines, onshore and offshore. The group principally operates in the Philippines.

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