NuStar Energy LP (NuStar Energy LP) Momentum Rank : 0 (As of Jun. 19, 2024)

View and export this data going back to 2017. Start your Free Trial

What is NuStar Energy LP Momentum Rank?

NuStar Energy LP 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.

NuStar Energy LP Momentum Rank Related Terms

Thank you for viewing the detailed overview of NuStar Energy LP's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

NuStar Energy LP (NuStar Energy LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NuStar Energy LP (NYSE:NSpB.PFD) » Definitions » Momentum Rank

Comparable Companies

HESM INSW GLNG KNTK VNOM PAGP TNK DHT STNG LPG TSX:ENB EPD ET WMB OKE MPLX KMI TSX:TRP LNG TRGP

Traded in Other Exchanges

NSpC.PFD:USA NSpA.PFD:USA NS:USA

Address

19003 IH-10 West, San Antonio, TX, USA, 78257

Website

https://www.nustarenergy.com

NuStar Energy LP is a US-based pipeline and terminal operator. The company along with its subsidiaries is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of crude oil and specialty chemicals, and the marketing of petroleum products. Its business is organized into the segments of; Pipeline, Storage, and Fuels Marketing. Geographically, the company operates in the United States and Foreign and derives key revenue from the Pipeline business.