ECO (Okeanis Eco Tankers) Momentum Rank : 3 (As of Dec. 12, 2024)

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What is Okeanis Eco Tankers Momentum Rank?

Okeanis Eco Tankers has the Momentum Rank of 3.

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 Okeanis Eco Tankers's Momentum Rank

For the Marine Shipping subindustry, Okeanis Eco Tankers'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.

Okeanis Eco Tankers's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Okeanis Eco Tankers's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Okeanis Eco Tankers's Momentum Rank falls into.

Okeanis Eco Tankers Momentum Rank Related Terms

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Okeanis Eco Tankers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okeanis Eco Tankers Corp (NYSE:ECO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

OETo:Sweden OET:Norway OETo:UK 7OK:Germany

Address

Ethnarchou Makariou av, & 2 D. Falireos street, Neo Faliro, Piraeus, GRC, 18547

Website

https://www.okeanisecotankers.com

Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.