DHT (DHT Holdings) Momentum Rank : 10 (As of Dec. 14, 2024)

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What is DHT Holdings Momentum Rank?

DHT Holdings has the Momentum Rank of 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.

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

Competitive Comparison of DHT Holdings's Momentum Rank

For the Oil & Gas Midstream subindustry, DHT Holdings'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.

DHT Holdings's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where DHT Holdings's Momentum Rank falls into.

DHT Holdings Momentum Rank Related Terms

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DHT Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (NYSE:DHT) » Definitions » Momentum Rank

Comparable Companies

GLP GEL TNK INSW NVGS LPG SBR EE TK PBT TSX:ENB WMB EPD OKE ET KMI TSX:TRP MPLX LNG TRGP

Traded in Other Exchanges

DHT:Mexico D8EN:Germany D8EN:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.dhtankers.com

DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 270,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore. The company generates the majority of its revenue from the shipping revenues.