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Molecular Energies (LSE:MEN) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Molecular Energies Momentum Rank?

Molecular Energies 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.

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Molecular Energies (LSE:MEN) Business Description

Traded in Other Exchanges
Address
Selby Road, Carrwood Park, Leeds, West Yorkshire, GBR, LS15 4LG
Molecular Energies PLC is a oil and gas exploration and production company. Its principal activity is oil and gas exploration, development and production, and the sale of hydrocarbons and related activities. The Group operates in one product segment which is the exploration and production of hydrocarbons. The Company has oil and gas production in two geographical markets: Argentina and the United States, as well as exploration assets in both Argentina and Paraguay.

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