S.D. Standard ETC (OSL:SDSD) Momentum Rank : 10 (As of May. 04, 2024)

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What is S.D. Standard ETC Momentum Rank?

S.D. Standard ETC has the Momentum Rank of 10.

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 S.D. Standard ETC's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, S.D. Standard ETC'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.

S.D. Standard ETC's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, S.D. Standard ETC's Momentum Rank distribution charts can be found below:

* The bar in red indicates where S.D. Standard ETC's Momentum Rank falls into.

S.D. Standard ETC Momentum Rank Related Terms

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S.D. Standard ETC (OSL:SDSD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » S.D. Standard ETC PLC (OSL:SDSD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SDSDO:Sweden

Address

Chrysanthou Mylona 1, 2nd floor, Office 3, Panayides Building, Limassol, CYP, 3030

Website

https://www.standard-etc.com

S.D. Standard ETC PLC, formerly S.D. Standard Drilling PLC is a Cyprus-based company. The principal activity of the Company is to operate as an investment entity with a special focus on shipping, offshore and energy segments. The Company invests directly or indirectly into companies, securities, commodities and/or assets. The objective of the company is to generate significant medium to long-term capital growth.

S.D. Standard ETC (OSL:SDSD) Headlines

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