Velocys (LSE:VLS) Momentum Rank : 0 (As of Jun. 07, 2024)

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What is Velocys Momentum Rank?

Velocys 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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Velocys (LSE:VLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocys PLC (LSE:VLS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

OXFCF:USA VLS.GB:UK O7N:Germany

Address

Robert Robinson Avenue, Magdalen Centre, The Oxford Science Park, Oxford, GBR, OX4 4GA

Website

https://www.velocys.com

Velocys PLC is a UK-based company that is engaged in design, development, marketing, and sale of technology to produce synthetic fuels and specialty products. Its technology is specifically designed for smaller scale gas-to-liquids (GTL) and biomass-to-liquids (BTL). The company's technology turns natural gas or biomass into premium products, such as diesel, jet fuel, waxes, and base oils. The business has a single operating segment: the synthetic fuels segment. Geographically, it derives a majority of revenue from the Americas and has a presence in Europe and the Asia Pacific.

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