Energy One (ASX:EOL) Momentum Rank : 9 (As of May. 27, 2024)

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What is Energy One Momentum Rank?

Energy One has the Momentum Rank of 9.

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 Energy One's Momentum Rank

For the Software - Application subindustry, Energy One'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.

Energy One's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Energy One's Momentum Rank distribution charts can be found below:

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

Energy One Momentum Rank Related Terms

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Energy One (ASX:EOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Energy One Ltd (ASX:EOL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Pacific Highway, Level 13, P.O. Box 6400, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.energyone.com

Energy One Ltd is a supplier of software products and services. It serves wholesale energy, environmental, and carbon trading markets. The company's only operating segment being the Energy software industry. Its geographical segments include Australasia and the United Kingdom/Europe. The company derives a majority of revenue from Australasia. Its product portfolio includes the wholesale energy trading suite; energyflow, energyoffer, NemSight, SimEnergy, enTrader, and others.

Energy One (ASX:EOL) Headlines

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