PGS ASA (LTS:0MHR) Momentum Rank : 10 (As of May. 15, 2024)

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What is PGS ASA Momentum Rank?

PGS ASA has the Momentum Rank of 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.

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

Competitive Comparison of PGS ASA's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, PGS ASA'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.

PGS ASA's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PGS ASA's Momentum Rank falls into.

PGS ASA Momentum Rank Related Terms

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PGS ASA (LTS:0MHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PGS ASA (LTS:0MHR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PGEJF:USA PGSo:Sweden PGS:Norway PGSo:UK PGS1:Germany

Address

Lilleakerveien 4C, Oslo, NOR, 0283

Website

https://www.pgs.com

PGS ASA provides images and 3D models of the subsurface beneath the ocean floor. Oil-market participants use PGS services to find oil and gas reserves. The company's complete line of products includes seismic, electromagnetic, and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The majority of revenue is derived from the multiclient segment where it initiates and manages seismic surveys, which PGS acquires, processes, markets, and sells to multiple customers on a nonexclusive basis. Products and services are offered in offshore markets around the world. Geographically, the majority is derived from Norway.

PGS ASA (LTS:0MHR) Headlines

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