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Tenaz Energy (Tenaz Energy) Momentum Rank : 6 (As of May. 21, 2024)


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What is Tenaz Energy Momentum Rank?

Tenaz Energy has the Momentum Rank of 6.

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 Tenaz Energy's Momentum Rank

For the Oil & Gas E&P subindustry, Tenaz Energy'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.

Tenaz Energy's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tenaz Energy's Momentum Rank distribution charts can be found below:

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


Tenaz Energy Momentum Rank Related Terms

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Tenaz Energy (Tenaz Energy) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tenaz Energy Corp (OTCPK:ATUUF) » Definitions » Momentum Rank
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Traded in Other Exchanges
7F4:Germany 7F4:Germany TNZ:Canada
Address
605 - 5th Avenue South West, Suite 2500, Calgary, AB, CAN, T2P 3H5
Website
https://www.tenazenergy.com
Tenaz Energy Corp is engaged as an energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders. It has two operating segments Canadian business unit and the Netherlands business unit, and it derives revenue from the sale of petroleum and natural gas products such as heavy crude oil, light crude and medium crude oil, natural gas, and natural gas liquids of which key revenue is derived from the sale of heavy crude oil.