Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Momentum Rank : 0 (As of May. 28, 2024)

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What is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Momentum Rank?

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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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Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS (IST:BRSAN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meclisi Mebusan Caddesi No. 35 – 37, Salipazari, Istanbul, TUR, 34427

Website

https://www.borusanmannesmann.com

Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS Formerly Borusan Mannesmann Boru Sanayi ve Ticaret AS is a steel tube and pipes manufacturer. The company's product portfolio includes gas pipes, water pipes, general purpose pipes, OCTG pipes, line pipe, precision tubes, heavy wall welded tubes, first fire protection systems, and easy flow fire protection sprinkler pipes. It provides products for various projects such as The NK1 Oil Pipeline, The Sahdeniz, The Blue Stream, Hungary Gas Pipeline, and TANAP projects. It exports products to various countries in Americas, Europe, Africa and Asia.

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