Whitecap Resources (Whitecap Resources) Momentum Rank : 4 (As of May. 01, 2024)

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What is Whitecap Resources Momentum Rank?

Whitecap Resources 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 Whitecap Resources's Momentum Rank

For the Oil & Gas E&P subindustry, Whitecap Resources'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.

Whitecap Resources's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Whitecap Resources's Momentum Rank falls into.

Whitecap Resources Momentum Rank Related Terms

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Whitecap Resources (Whitecap Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Whitecap Resources Inc (OTCPK:SPGYF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

J6I:Germany WCP:Canada

Address

3800, 525 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.wcap.ca

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap's Canadian assets. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the revenue generator out of the basket of energy products sold by Whitecap.

Whitecap Resources (Whitecap Resources) Headlines

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