GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borouge Plc (ADX:BOROUGE) » Definitions » Momentum Rank

Borouge (ADX:BOROUGE) Momentum Rank : 0 (As of May. 20, 2024)


View and export this data going back to 2022. Start your Free Trial

What is Borouge Momentum Rank?

Borouge 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.

Borouge Momentum Rank Related Terms

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

Borouge (ADX:BOROUGE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borouge Plc (ADX:BOROUGE) » Definitions » Momentum Rank
Comparable Companies
SZSE:300539 SZSE:301040 SZSE:301022 SHSE:600058 SZSE:301180 SZSE:002295 SZSE:300885 SZSE:300968 SZSE:301326 SHSE:603159 LIN XPAR:AI APD SHW ECL XSWX:SIKA SHSE:600309 BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
El Corniche Street, PO Box 6925, Borouge Tower, Sheikh Khalifa Energy Complex, Abu Dhabi, ARE
Website
https://www.borouge.com
Borouge Plc petrochemical company that provides innovative solutions of polyolefins such as polyethylene and polypropylene for a wide range of industries such as packaging, infrastructure, energy, mobility, agriculture, and healthcare.

Borouge (ADX:BOROUGE) Headlines

No Headlines