Southern Energy (TSXV:SOU) Momentum Rank : 2 (As of May. 06, 2024)

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What is Southern Energy Momentum Rank?

Southern Energy has the Momentum Rank of 2.

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 Southern Energy's Momentum Rank

For the Oil & Gas E&P subindustry, Southern 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.

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

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

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

Southern Energy Momentum Rank Related Terms

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Southern Energy (TSXV:SOU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Southern Energy Corp (TSXV:SOU) » Definitions » Momentum Rank

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Traded in Other Exchanges

SOUTF:USA SOUC:UK 0M1:Germany

Address

333 - 7th Avenue SW, Suite 2400, Calgary, AB, CAN, T2P 2Z1

Website

https://www.southernenergycorp.com

Southern Energy Corp is an oil and gas exploration and production company. Its primary focus is on acquiring and developing conventional natural gas and light oil resources in the Southeast Gulf States of Mississippi, Louisiana, and East Texas. Its primary source of income is the petroleum and natural gas revenue.