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TransCoastal (TransCoastal) Momentum Rank : 0 (As of Jun. 22, 2024)


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What is TransCoastal Momentum Rank?

TransCoastal 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.

TransCoastal Momentum Rank Related Terms

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TransCoastal (TransCoastal) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TransCoastal Corp (GREY:TCEC) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
4975 Voyager Drive, Dallas, TX, USA, 75237
Website
http://www.transcoastal.net
TransCoastal Corp is an oil and gas exploration and production company. It is engaged in the development of oil and gas reserves in the state of Texas. The company has acquired or divested over 100 wells in Texas and has over 200 undeveloped locations on over 6000 acres of leased oil and gas property located primarily in the panhandle area of west Texas.

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