SHASF (ShaMaran Petroleum) Momentum Rank : 3 (As of Mar. 26, 2025)

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What is ShaMaran Petroleum Momentum Rank?

ShaMaran Petroleum has the Momentum Rank of 3.

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 ShaMaran Petroleum's Momentum Rank

For the Oil & Gas E&P subindustry, ShaMaran Petroleum'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.

ShaMaran Petroleum's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where ShaMaran Petroleum's Momentum Rank falls into.

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ShaMaran Petroleum Momentum Rank Related Terms

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ShaMaran Petroleum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ShaMaran Petroleum Corp (OTCPK:SHASF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SNM:Sweden 0VH4:UK 3B8:Germany SNM:Canada

Address

1055 Dunsmuir Street, Suite 2800, Vancouver, BC, CAN, V7X 1L2

Website

https://www.shamaranpetroleum.com

ShaMaran Petroleum Corp is an oil development and exploration company. It is engaged in the business of extraction and producing oil and gas. Along with its subsidiary, the company has an interest in the Atrush block, Kurdistan Region of Iraq. In addition, the group holds a participating interest in the Sarsang block of the Kurdistan region.

ShaMaran Petroleum Headlines

From GuruFocus

ShaMaran Announces Payment for Atrush Oil Deliveries

By GlobeNewswire GlobeNewswire • 04-17-2018

ShaMaran Petroleum Corp (OSTO:SNM) Q3 2024 Earnings Report Preview: What To Look For

By GuruFocus News • 11-06-2024

ShaMaran Announces Atrush Production Update

By GlobeNewswire GlobeNewswire • 04-03-2018