La Francaise de l'Energie (XPAR:FDE) Momentum Rank : 4 (As of May. 11, 2024)

View and export this data going back to 2016. Start your Free Trial

What is La Francaise de l'Energie Momentum Rank?

La Francaise de l'Energie has the Momentum Rank of 4.

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 La Francaise de l'Energie's Momentum Rank

For the Oil & Gas E&P subindustry, La Francaise de l'Energie'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.

La Francaise de l'Energie's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, La Francaise de l'Energie's Momentum Rank distribution charts can be found below:

* The bar in red indicates where La Francaise de l'Energie's Momentum Rank falls into.

La Francaise de l'Energie Momentum Rank Related Terms

Thank you for viewing the detailed overview of La Francaise de l'Energie's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

La Francaise de l'Energie (XPAR:FDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » La Francaise de l'Energie (XPAR:FDE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FDENF:USA LFX:Germany

Address

No. 1 Avenue Saint-Remy, Espace Pierrard, Forbach, FRA, 57600

Website

http://www.francaisedelenergie.fr

La Francaise de l'Energie is a France-based company engaged in the exploration, appraisal, and production of gas resources. The company focuses on coal bed methane gas resources. It operates Lorraine and Nord-Pas de Calais mining areas in France.

La Francaise de l'Energie (XPAR:FDE) Headlines

No Headlines