Haci Omerbanci Holding AS (Haci Omerbanci Holding AS) Momentum Rank : 0 (As of May. 26, 2024)

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What is Haci Omerbanci Holding AS Momentum Rank?

Haci Omerbanci Holding AS 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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Haci Omerbanci Holding AS (Haci Omerbanci Holding AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Haci Omer Sabanci Holding AS (GREY:HOSXF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SAHOL:Turkey

Address

Sabanci Center, 4. Levent, Istanbul, TUR, 34330

Website

https://www.sabanci.com

Haci Omer Sabanci Holding AS is the parent company of the Sabanci Group, a diversified conglomerate operating almost entirely in Turkey, but with notable exposure to other countries in the European Union. The Sabanci Group companies operate in the financial services, energy, consumer discretionary, materials, and industrials sectors. Of these, financial services constitute the majority of revenue and the overwhelming majority of its assets on the balance sheet. Banking is the biggest contributor to its financial segment, specifically through the group's large financial stake in Akbank. Sabanci's portfolio management strategy is to focus on sectors where it is possible to create competitive advantage and to use equities in fast-growing, highly profitable, and sustainable businesses.

Haci Omerbanci Holding AS (Haci Omerbanci Holding AS) Headlines

From GuruFocus

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Invesco European Fund Comments on Haci Omer Sabanci

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Invesco European Growth Fund Adds to Sabanci Stake

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Invesco European Growth Fund Comments on Haci Omer Sabanci Holding AS

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