Compagnie de l`Odet (XPAR:ODET) Momentum Rank : 8 (As of Apr. 29, 2024)

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What is Compagnie de l`Odet Momentum Rank?

Compagnie de l`Odet has the Momentum Rank of 8.

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 Compagnie de l`Odet's Momentum Rank

For the Conglomerates subindustry, Compagnie de l`Odet'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.

Compagnie de l`Odet's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Compagnie de l`Odet's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Compagnie de l`Odet's Momentum Rank falls into.

Compagnie de l`Odet Momentum Rank Related Terms

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Compagnie de l`Odet (XPAR:ODET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Compagnie de l`Odet (XPAR:ODET) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FCODF:USA

Address

51, Boulevard de Montmorency, Paris, FRA, 75016

Website

http://www.compagniedelodet.net

Compagnie de l`Odet is a France-based holding company with a major interest in the Bollore Group. The Bollore Group's operations are based on four areas: Transportation and logistics, Oil logistics, Communication, and Electricity storage and systems. Alongside these businesses, the group also manages several investments including plantations, real estate assets, and a portfolio of equity investments. It derives key revenue from the Communication business area and has operations in France, other parts of Europe, Africa, Asia-Pacific, and the United States.

Compagnie de l`Odet (XPAR:ODET) Headlines

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