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Vivo Energy CI (XBRV:SHEC) Momentum Rank : 0 (As of May. 31, 2024)


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What is Vivo Energy CI Momentum Rank?

Vivo Energy CI 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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Vivo Energy CI (XBRV:SHEC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Vivo Energy CI (XBRV:SHEC) » Definitions » Momentum Rank
Comparable Companies
ICNN BOM:523232 BOM:538707 BOM:530025 BOM:534184 BOM:531322 WAR:ONC QEGY BOM:532435 TSE:7462 HKSE:08132 XBUL:3TV HKSE:08631 BDCO XKLS:0160 KAR:HTL IST:MEPET HKSE:08066 SGX:Y35 LSE:HYR
Traded in Other Exchanges
N/A
Address
15 BP 378 Abidjan 15, Rue des petroliers, Zone Industrielle de Vridi, Abidjan, CIV
Website
https://www.vivoenergy.com
Vivo Energy CI is a market-leading, pan-African retailer and distributor of high-quality Shell- and Engen-branded fuels and lubricants to Retail and Commercial customers across the continent, with a growing Non-fuel retail offering.

Vivo Energy CI (XBRV:SHEC) Headlines

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