Ascent Resources (LSE:AST) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is Ascent Resources Momentum Rank?

Ascent Resources 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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Ascent Resources (LSE:AST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ascent Resources PLC (LSE:AST) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

A2N:Germany

Address

5 New Street Square, London, GBR, EC4A 3TW

Website

https://www.ascentresources.co.uk

Ascent Resources PLC is an independent oil and gas exploration and production company. The company's portfolio consists of predominantly European onshore projects and operates the Petisovci tight gas project in Slovenia. It operates in two principal geographical areas: Slovenia and the United Kingdom. The company derives a majority of its revenue from the United Kingdom.

Ascent Resources (LSE:AST) Headlines

From GuruFocus

Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of Asterias Biotherapeutics, Inc. (AST) on Behalf of Stockholders and Encourages AST Investors to Contact the Firm

By Marketwired Marketwired • 11-08-2018

Wolf Popper LLP Investigates the Proposed Acquisition of Asterias Biotherapeutics, Inc. by BioTime, Inc.

By PRNewswire PRNewswire • 11-08-2018