GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hascol Petroleum Ltd (KAR:HASCOL) » Definitions » Momentum Rank

Hascol Petroleum (KAR:HASCOL) Momentum Rank : 0 (As of May. 14, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Hascol Petroleum Momentum Rank?

Hascol Petroleum 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.

Hascol Petroleum Momentum Rank Related Terms

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

Hascol Petroleum (KAR:HASCOL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hascol Petroleum Ltd (KAR:HASCOL) » Definitions » Momentum Rank
Comparable Companies
KAR:HTL KAR:PRL KAR:CNERGY KAR:NRL NSE:RELIANCE MPC PSX VLO OHEL:NESTE TPE:6505 XKAZ:KMGZ NSE:IOC TSE:5020 DINO IST:TUPRS XKRX:096770 BOM:500547 HKSE:00135 IEP TSE:5019
Traded in Other Exchanges
N/A
Address
The Forum, Khayaban-e-Jami, Suite No. 105-106, 1st Floor, Block - 9, Clifton, Karachi, SD, PAK
Website
https://www.hascol.com
Hascol Petroleum Ltd is engaged in the business of procurement, storage, and marketing of petroleum and related products such as high-speed diesel, gasoline, fuel oil, FUCHS lubricants.

Hascol Petroleum (KAR:HASCOL) Headlines

No Headlines