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Orascom Investment Holding (CAI:OIH) Momentum Rank : 0 (As of Jun. 01, 2024)


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What is Orascom Investment Holding Momentum Rank?

Orascom Investment Holding 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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Orascom Investment Holding (CAI:OIH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Orascom Investment Holding (CAI:OIH) » Definitions » Momentum Rank
Comparable Companies
WAR:WIK WAR:WRE WAR:BBD WAR:RNK WAR:KCI WAR:EKP WAR:HMI WAR:CPD WAR:IBS WAR:PRN SHSE:600941 CMCSA TMUS VZ T XTER:DTE TSE:9432 NSE:BHARTIARTL HKSE:00728 TSE:9433
Traded in Other Exchanges
N/A
Address
29th Floor, 2005A Nile City Towers, South Tower, Corniche El Nile, Ramlet Beaulak, Cairo, EGY, 11221
Website
https://www.orascomih.com
Orascom Investment Holding SAE operates as an investment holding company. It is primarily involved in the property investment, cables, financial services and other business. The company derives majority of revenue from cable division. Geographically business presence of the firm can be seen in Middle East, Africa and Asia.