Maha Energy AB (LTS:0GEA) Momentum Rank : 2 (As of Apr. 15, 2025)

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What is Maha Energy AB Momentum Rank?

Maha Energy AB has the Momentum Rank of 2.

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.

Competitive Comparison of Maha Energy AB's Momentum Rank

For the Oil & Gas E&P subindustry, Maha Energy AB's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Maha Energy AB's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Maha Energy AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Maha Energy AB's Momentum Rank falls into.

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Maha Energy AB Momentum Rank Related Terms

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Maha Energy AB Business Description

Industry

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Traded in Other Exchanges

MAHA A:Sweden 7M7:Germany

Address

Eriksbergsgatan 10, Stockholm, SWE, SE-114 30

Website

https://www.maha-energy.com

Maha Energy AB is a company involved in the oil and gas industry. Its focus is to implement Enhanced Oil Recovery (EOR) technologies in existing and maturing oil fields. The company holds assets in two countries including Lak Ranch in the USA and Tartaruga and Tie Field in Brazil. Geographically, it operates in Brazil, and the United States of America from which USA generates the majority of its revenue.

Maha Energy AB Headlines

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