Dolphin Offshore Enterprises India (BOM:522261) Momentum Rank : 3 (As of Dec. 16, 2024)

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What is Dolphin Offshore Enterprises India Momentum Rank?

Dolphin Offshore Enterprises India has the Momentum Rank of 3.

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 Dolphin Offshore Enterprises India's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, Dolphin Offshore Enterprises India'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.

Dolphin Offshore Enterprises India's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Dolphin Offshore Enterprises India's Momentum Rank falls into.

Dolphin Offshore Enterprises India Momentum Rank Related Terms

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Dolphin Offshore Enterprises India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dolphin Offshore Enterprises India Ltd (BOM:522261) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DOLPHIN:India

Address

Zillion Junction Of LBS Marg, CST Road, Unit No. 301, Kurla (West), Mumbai, MH, IND, 400070

Website

http://www.dolphinoffshore.com

Dolphin Offshore Enterprises India Ltd is a provider of underwater services to the Indian oil and gas industry including underwater diving and engineering, design and engineering, vessel operations and management, rig and ship repairs, marine logistics, and fabrication. It also provides equipments like air compressors, gas compressors, exploration and production equipment, and others.

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