BW LPG (BW LPG) Momentum Rank : 9 (As of May. 17, 2024)

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What is BW LPG Momentum Rank?

BW LPG has the Momentum Rank of 9.

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 BW LPG's Momentum Rank

For the Marine Shipping subindustry, BW LPG'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.

BW LPG's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, BW LPG's Momentum Rank distribution charts can be found below:

* The bar in red indicates where BW LPG's Momentum Rank falls into.

BW LPG Momentum Rank Related Terms

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BW LPG (BW LPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » BW LPG Ltd (NYSE:BWLP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BWLLY:USA BWLPGo:Sweden BWLPG:Norway BWLPGo:UK 0QIX:UK BW9:Germany

Address

10 Pasir Panjang Road, Mapletree Business City, No.17-02, Singapore, SGP, 117438

Website

https://www.bwlpg.com

BW LPG Ltd is a transportation and logistics company that ships liquified petroleum gas through its fleet of maritime vessels. Liquified petroleum gas is used in homes, agriculture, transportation, and chemical production. The company is organized into two main segments: The shipping segment and the product services segment which buy and sell liquid petroleum gas and deliver it to customers.