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Golar LNG (HAM:G2O) Momentum Rank : 0 (As of May. 24, 2024)


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What is Golar LNG Momentum Rank?

Golar LNG 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.

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Golar LNG (HAM:G2O) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Ltd (HAM:G2O) » Definitions » Momentum Rank
Comparable Companies
INSW HESM NS KNTK TNK DHT VNOM LPG GLP PAGP TSX:ENB EPD ET WMB OKE MPLX KMI TSX:TRP LNG TRGP
Traded in Other Exchanges
GLNG:USA GLNG:Mexico G2O:Germany
Address
9 Par-la-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11
Website
https://www.golarlng.com
Golar LNG Ltd is a midstream LNG company operates in the transportation, regasification, liquefaction, and trading of LNG. The segment in which the group operates includes Shipping, FLNG (Floating Liquefaction Natural Gas vessels), Power, and Corporate and other. It generates maximum revenue from the FLNG segment.

Golar LNG (HAM:G2O) Headlines

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