Eni SpA (BUE:E) Momentum Rank : 0 (As of Apr. 17, 2025)

View and export this data going back to . Start your Free Trial

What is Eni SpA Momentum Rank?

Eni SpA has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Eni SpA Momentum Rank Related Terms

Thank you for viewing the detailed overview of Eni SpA's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Eni SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (BUE:E) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

EIPAF:USA E:USA ENI:Italy 0TD2:UK ENIm:UK 0N9S:UK ENI:Germany ENI:Germany ENI:Germany ENI1:Germany ENI:Germany ENI:Austria

Address

1, Piazzale Enrico Mattei, Rome, ITA, 00144

Website

https://www.eni.com

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At end-2023, Eni held reserves of 6.4 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.