GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 3D Energi Ltd (FRA:MUE) » Definitions » Momentum Rank

3D Energi (FRA:MUE) Momentum Rank : 0 (As of Jun. 08, 2024)


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

What is 3D Energi Momentum Rank?

3D Energi 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.

3D Energi Momentum Rank Related Terms

Thank you for viewing the detailed overview of 3D Energi's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

3D Energi (FRA:MUE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 3D Energi Ltd (FRA:MUE) » Definitions » Momentum Rank
Comparable Companies
ASX:PV1 ASX:QEM ASX:CND ASX:D3E ASX:ROG ASX:TMK ASX:BLU ASX:HHR ASX:HYT ASX:VEN COP HKSE:00883 TSX:CNQ EOG OXY HES MIC:NVTK ASX:WDS FANG DVN
Traded in Other Exchanges
TDO:Australia
Address
41 Exhibition Street, Level 18, Melbourne, VIC, AUS, 3000
Website
https://www.3doil.com.au
3D Energi Ltd formerly 3D Oil Ltd is engaged in the exploration and development of upstream oil and gas assets. It holds interests in exploration permits in the offshore Gippsland Basin, Otway Basin, and Roebuck Basin in Australia. Its project portfolio includes VIC/P57, VIC/P74, T/49P, and WA-527-P.

3D Energi (FRA:MUE) Headlines