MPC Container Ships ASA (OSL:MPCC) Momentum Rank : 5 (As of May. 26, 2024)

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What is MPC Container Ships ASA Momentum Rank?

MPC Container Ships ASA has the Momentum Rank of 5.

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 MPC Container Ships ASA's Momentum Rank

For the Marine Shipping subindustry, MPC Container Ships ASA'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.

MPC Container Ships ASA's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MPC Container Ships ASA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where MPC Container Ships ASA's Momentum Rank falls into.

MPC Container Ships ASA Momentum Rank Related Terms

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MPC Container Ships ASA (OSL:MPCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MPC Container Ships ASA (OSL:MPCC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MPZZF:USA MPCCo:Sweden MP2:Germany

Address

Ruseløkkveien 34, Oslo, NOR, N-0251

Website

https://www.mpc-container.com

MPC Container Ships ASA is a Norway based company that engages in the investment in and operation of shipping assets. The group's principal business activity is to invest in and operate maritime assets in the container shipping segment. It owns and operates container shops and feeder vessels that are chartered out to liner shipping companies and regional carriers. The group earns revenue from seaborne container transportation globally. The group has one reporting segment as it employs one type of vessel; Container Vessels.

MPC Container Ships ASA (OSL:MPCC) Headlines

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