SELECT * FROM `stock_list` WHERE `symbol` = "TOPS" and stock_list.exchange IN (SELECT exchange FROM gurufocu_main.stock_list_exchanges where country='USA' and active=1) limit 0,1
SELECT * FROM `stock_list` where symbol='TOPS' AND exchange = 'AMEX' limit 0,1
SELECT * FROM `stock_list` WHERE `symbol` = "TOPS" and stock_list.exchange IN (SELECT exchange FROM gurufocu_main.stock_list_exchanges where country='USA' and active=1) limit 0,1 TOPS (TOP Ships) Momentum Rank
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TOP Ships Inc (AMEX:TOPS) » Definitions » Momentum Rank

TOP Ships (TOP Ships) Momentum Rank : 9 (As of May. 01, 2024)


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What is TOP Ships Momentum Rank?

TOP Ships has the Momentum Rank of 9.

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 TOP Ships's Momentum Rank

For the Oil & Gas Midstream subindustry, TOP Ships'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.

TOP Ships's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TOP Ships's Momentum Rank falls into.


TOP Ships Momentum Rank Related Terms

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

TOP Ships (TOP Ships) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TOP Ships Inc (AMEX:TOPS) » Definitions » Momentum Rank
Comparable Companies
BPT MPIR PXS BANL CWPE MMLP IMPP MARPS BROG DLNG TSX:ENB EPD ET WMB OKE MPLX KMI TSX:TRP LNG TRGP
Traded in Other Exchanges
UER0:Germany
Address
1 Vasilisis Sofias and Megalou Alexandrou Street, Maroussi, GRC, 15124
Website
https://www.topships.org
TOP Ships Inc owns tanker vessels throughout the world. The company focuses on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. It generates revenue from the Time Charter agreements.
Executives
Ronin Capital, Llc 10 percent owner 350 N. ORLEANS, SUITE 2N, CHICAGO IL 60654