Gulf Keystone Petroleum (CHIX:GKPL) Momentum Rank : 4 (As of May. 12, 2024)

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What is Gulf Keystone Petroleum Momentum Rank?

Gulf Keystone Petroleum 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 Gulf Keystone Petroleum's Momentum Rank

For the Oil & Gas E&P subindustry, Gulf Keystone Petroleum'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.

Gulf Keystone Petroleum's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Gulf Keystone Petroleum's Momentum Rank falls into.

Gulf Keystone Petroleum Momentum Rank Related Terms

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Gulf Keystone Petroleum (CHIX:GKPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Keystone Petroleum Ltd (CHIX:GKPl) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GUKYF:USA GKP:UK GVP1:Germany

Address

C/o Coson Corporate Services Limited, 41 Cedar Avenue, Cedar House, 3rd Floor, Hamilton, BMU, HM12

Website

https://www.gulfkeystone.com

Gulf Keystone Petroleum Ltd is a holding company, which is engaged in oil and gas exploration and production. It mainly operates in the Kurdistan Region of Iraq, the Republic of Algeria, and Others. The Kurdistan Region of Iraq segment consists of the Shaikan, Ber Bahr blocks, and the Erbil office, which provides support to the operations in Kurdistan. It generates its revenues from the sale of oil.

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