Woodside Energy Group (CHIX:WDSL) Momentum Rank : 0 (As of Dec. 14, 2024)

View and export this data going back to 2022. Start your Free Trial

What is Woodside Energy Group Momentum Rank?

Woodside Energy Group has the Momentum Rank of 0.

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.

Woodside Energy Group Momentum Rank Related Terms

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

Woodside Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Woodside Energy Group Ltd (CHIX:WDSl) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

WDS:USA WOPEF:USA WOP:Germany WOP0:Germany WOP0:Germany WOP:Germany WDS:Australia

Address

11 Mount Street, Mia Yellagonga, Perth, WA, AUS, 6000

Website

https://www.woodside.com

Incorporated in 1954 and named after the small Victorian town of Woodside, Woodside's early exploration focus moved from Victoria's Gippsland Basin to Western Australia's Carnarvon Basin. First LNG production from the North West Shelf came in 1984. BHP Billiton and Shell each had 40% shareholdings before BHP sold out in 1994 and Shell sold down to 34%. In 2010, Shell further decreased its shareholding to 24%. Woodside has the potential to become the most LNG-leveraged company globally.

Woodside Energy Group Headlines

No Headlines