Energy Transfer LP (Energy Transfer LP) Momentum Rank : 9 (As of May. 13, 2024)

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What is Energy Transfer LP Momentum Rank?

Energy Transfer LP 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 Energy Transfer LP's Momentum Rank

For the Oil & Gas Midstream subindustry, Energy Transfer LP'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.

Energy Transfer LP's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Energy Transfer LP's Momentum Rank falls into.

Energy Transfer LP Momentum Rank Related Terms

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Energy Transfer LP (Energy Transfer LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energy Transfer LP (NYSE:ETPD.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ETPC.PFD:USA ETPE.PFD:USA ET:USA

Address

8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225

Website

https://www.energytransfer.com

Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.