Icahn Enterprises LP (FRA:2IN) Momentum Rank : 0 (As of May. 05, 2024)

View and export this data going back to 2013. Start your Free Trial

What is Icahn Enterprises LP Momentum Rank?

Icahn Enterprises LP 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.

Icahn Enterprises LP Momentum Rank Related Terms

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

Icahn Enterprises LP (FRA:2IN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Icahn Enterprises LP (FRA:2IN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IEP:USA

Address

16690 Collins Avenue, PH-1, Penthouse Suite, Sunny Isles Beach, FL, USA, 33160

Website

https://www.ielp.com

Icahn Enterprises LP is a provider of diversified business services in the United States. The company operates its business through varied segments which include Investment, Automotive, Energy, Food Packaging, Real Estate, Pharma, and Home Fashion. Among these, the Energy segment derives the maximum revenue from the company. Geographically, it generates maximum revenue from the United States.

Icahn Enterprises LP (FRA:2IN) Headlines

No Headlines