Tidewater Midstream and Infrastructure (TSX:TWM) Momentum Rank : 4 (As of May. 25, 2024)

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What is Tidewater Midstream and Infrastructure Momentum Rank?

Tidewater Midstream and Infrastructure 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 Tidewater Midstream and Infrastructure's Momentum Rank

For the Oil & Gas Midstream subindustry, Tidewater Midstream and Infrastructure'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.

Tidewater Midstream and Infrastructure's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tidewater Midstream and Infrastructure's Momentum Rank falls into.

Tidewater Midstream and Infrastructure Momentum Rank Related Terms

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Tidewater Midstream and Infrastructure (TSX:TWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tidewater Midstream and Infrastructure Ltd (TSX:TWM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TWMIF:USA TL5:Germany

Address

222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4

Website

https://www.tidewatermidstream.com

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities. Its business segments consist of Midstream; Downstream; Marketing and others. The company generates maximum revenue from the Marketing and other.

Executives

Robert Colcleugh

Director, Senior Officer

Tidewater Midstream and Infrastructure (TSX:TWM) Headlines

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