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Eitzen Chemical ASA (OSTO:ECHEMO) Momentum Rank : 0 (As of May. 15, 2024)


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What is Eitzen Chemical ASA Momentum Rank?

Eitzen Chemical ASA 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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Eitzen Chemical ASA (OSTO:ECHEMO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Eitzen Chemical ASA (OSTO:ECHEMO) » Definitions » Momentum Rank
Comparable Companies
OSL:WILS OSL:2020 OSL:MPCC OSL:BEL OSL:ADSC-ME OSL:RISH OSL:AMSC OSL:JIN OSL:KCC OSL:ODF XTER:HLAG OCSE:MAERSK B SHSE:600018 BOM:532921 XKLS:3816 HKSE:01919 SHSE:601018 HKSE:06198 HKSE:00144 HKSE:01138
Traded in Other Exchanges
N/A
Address
20 Reid Street, Williams House, 4th Floor, Hamilton, BMU, HM 11
Website
https://www.teamtankers.com
Team Tankers International Ltd is a marine chemical and related products transportation company. It operates through chemical tanker segment and engaged in the transportation of organic chemicals, non-organic chemicals, clean and dirty petroleum products, vegetable oils and lube oils. The geographical area of operation include USA, Europe, Asia, Africa, North America and Oceania of which the USA delivers major revenue for the company.

Eitzen Chemical ASA (OSTO:ECHEMO) Headlines

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