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Tamboran Resources (ASX:TBN) Momentum Rank : 5 (As of Dec. 11, 2024)


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What is Tamboran Resources Momentum Rank?

Tamboran Resources has the Momentum Rank of 5.

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 Tamboran Resources's Momentum Rank

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

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

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

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


Tamboran Resources Momentum Rank Related Terms

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Tamboran Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tamboran Resources Corp (ASX:TBN) » Definitions » Momentum Rank
Comparable Companies
ASX:MAY ASX:COE ASX:IVZ ASX:CVN ASX:COI ASX:HE8 ASX:NZO ASX:HHR ASX:88E ASX:TPD COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
TBN:USA TBNRL:USA
Address
100 Barangaroo Avenue, Suite 01, Level 39, Tower One, International Towers Sydney, Barangaroo, NSW, AUS, 2000
Website
https://www.tamboran.com
Tamboran Resources Corp is a gas company focused on supporting the Net Zero CO2 energy transition in Australia and Asia-Pacific through developing low CO2 unconventional gas resources in the Australian Northern Territory.