TRTLF (TortoiseEcofin Acquisition III) Momentum Rank : 1 (As of Mar. 14, 2025)

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What is TortoiseEcofin Acquisition III Momentum Rank?

TortoiseEcofin Acquisition III has the Momentum Rank of 1.

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 TortoiseEcofin Acquisition III's Momentum Rank

For the Shell Companies subindustry, TortoiseEcofin Acquisition III'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.

TortoiseEcofin Acquisition III's Momentum Rank Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, TortoiseEcofin Acquisition III's Momentum Rank distribution charts can be found below:

* The bar in red indicates where TortoiseEcofin Acquisition III's Momentum Rank falls into.

TortoiseEcofin Acquisition III Momentum Rank Related Terms

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TortoiseEcofin Acquisition III Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TortoiseEcofin Acquisition Corp III (OTCPK:TRTLF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

195 US Highway 50, Suite 208, Zephyr Cove, NV, USA, 89448

Website

https://www.tortoisespac.com

TortoiseEcofin Acquisition Corp III is a blank check company.

Executives

Andrew B Lipsher	director	C/O VOLTA INDUSTRIES, INC., 155 DE HARO STREET, SAN FRANCISCO CA 94103
Hennessy Capital Growth Partners Fund I Spv V, Llc	10 percent owner	195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Hennessy Capital Growth Partners Fund I, Lp	10 percent owner	3415 N. PINES WAY, SUITE 204, WILSON WY 83014
Matthew Schindel	director	195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Tortoiseecofin Sponsor Iii Llc	10 percent owner	5100 W. 115TH PLACE, LEAWOOD KS 66211
Thomas D Hennessy	director, 10 percent owner	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Jack Leeney	director	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Greg A Walker	director	999 CORPORATE BOULEVARD, SUITE 300, LINTHICUM HEIGHTS MD 21090
Darrell Jr. Brock	officer: Vice President	725 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10022
Juan J. Daboub	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Stephen S. Pang	director, officer: President and CFO	5100 W. 115TH PLACE, LEAWOOD KS 66211
Evan J. Zimmer	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Mary Beth Mandanas	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Steven C. Schnitzer	officer: VP, Gen. Counsel and Secretary	725 FIFTH AVE., 19TH FLOOR, NEW YORK NY 10022
William J. Clinton	director	5100 W. 115TH PLACE, LEAWOOD KS 66211