Deltic Energy (LSE:DELT) Momentum Rank : 10 (As of May. 13, 2024)

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What is Deltic Energy Momentum Rank?

Deltic Energy 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 Deltic Energy's Momentum Rank

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

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

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

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

Deltic Energy Momentum Rank Related Terms

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Deltic Energy (LSE:DELT) Business Description

Industry

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Traded in Other Exchanges

7RC0:Germany

Address

150 Waterloo Road, 1st Floor, London, GBR, SE1 8SB

Website

https://www.delticenergy.com

Deltic Energy PLC is engaged in the exploration, evaluation, and development of mineral exploration targets, with a principal focus on the development of its gas and oil licenses in the Southern and Central North Sea.

Deltic Energy (LSE:DELT) Headlines

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