The ODP (FRA:ODP1) Momentum Rank : 8 (As of May. 05, 2024)

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What is The ODP Momentum Rank?

The ODP 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 The ODP's Momentum Rank

For the Specialty Retail subindustry, The ODP'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.

The ODP's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, The ODP's Momentum Rank distribution charts can be found below:

* The bar in red indicates where The ODP's Momentum Rank falls into.

The ODP Momentum Rank Related Terms

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The ODP (FRA:ODP1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The ODP Corp (FRA:ODP1) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ODP:USA

Address

6600 North Military Trail, Boca Raton, FL, USA, 33496

Website

https://www.officedepot.com

The ODP Corp is a provider of business services and supplies, products, and digital workplace technology solutions to small, medium-sized and enterprise businesses. The operating business segments are ODP Business Solutions Division; Office Depot Division; Veyer Division and Varis Division. It generates maximum revenue from the Veyer Division segment. The Veyer Division specializes in B2B and consumer business service delivery, with core competencies in distribution, fulfillment, transportation, global sourcing, and purchasing.

The ODP (FRA:ODP1) Headlines

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