SBFFF (SBM Offshore NV) Momentum Rank : 1 (As of Dec. 12, 2024)

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What is SBM Offshore NV Momentum Rank?

SBM Offshore NV has the Momentum Rank of 1.

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 SBM Offshore NV's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, SBM Offshore NV'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.

SBM Offshore NV's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where SBM Offshore NV's Momentum Rank falls into.

SBM Offshore NV Momentum Rank Related Terms

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SBM Offshore NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SBM Offshore NV (OTCPK:SBFFF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SBFFY:USA SBMO:Netherlands SBMOa:UK 0NIS:UK IHCB:Germany IHCB:Germany SBMO:Austria

Address

Evert van de Beekstraat 1-77, Schiphol, Amsterdam, NH, NLD, 1118 CL

Website

https://www.sbmoffshore.com

SBM Offshore NV provides floating production solutions to the offshore energy industry both in hydrocarbon and renewable markets. Its main activities are the design, supply, installation, operation, and life extension of Floating Production Storage and Offloading (FPSO) vessels. The company is also working on floating offshore wind, wave energy and research and development of products for future energy markets. It has dedicated product lines to provide specific floating equipment and products such as Turret Mooring Systems (TMS) and offshore (off)loading Terminals. The Company has two segments: Lease and Operate segment includes all earned day rates on operating lease and operate contracts, and The turnkey segment includes revenues from Turnkey supply contracts and after-sales services.