PTSC Offshore Services JSC (HSTC:POS) Momentum Rank : 0 (As of Apr. 27, 2025)

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What is PTSC Offshore Services JSC Momentum Rank?

PTSC Offshore Services JSC has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

PTSC Offshore Services JSC Momentum Rank Related Terms

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PTSC Offshore Services JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PTSC Offshore Services JSC (HSTC:POS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

65A 30-4 Road, PTSC Downstream Port, Thang Nhat ward, Vung Tau, VNM

Website

https://pos.ptsc.com.vn

PTSC Offshore Services JSC is primarily engaged in the oil and gas extraction support sector. Its business includes transporting, installing, connecting, and testing oil and gas works; service of relocation and clearing of mines after the end of the offshore mining cycle; operation and maintenance services for oil and gas projects and others.

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