GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Husky Energy Inc (TSX:HSE.PR.G.PFD) » Definitions » Momentum Rank

Husky Energy (TSX:HSE.PR.G.PFD) Momentum Rank : 0 (As of May. 19, 2025)


View and export this data going back to 2015. Start your Free Trial

What is Husky Energy Momentum Rank?

Husky Energy has the Momentum Rank of 0.

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.


Husky Energy Momentum Rank Related Terms

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


Husky Energy Business Description

Traded in Other Exchanges
N/A
Address
707, 8th Avenue S.W, PO Box 6525, Station D, Calgary, AB, CAN, T2P 1H5
Husky Energy is one of Canada's largest integrated energy companies, operating in western Canada, the United States, and the Asia-Pacific and Atlantic regions. The upstream portfolio includes light and medium crude, heavy crude, bitumen, natural gas liquids, and natural gas. Husky's heavy oil and oil sands production are supported by two integrated downstream and midstream value chains. Production averaged 290,000 barrels of oil equivalent per day in 2019, and Husky estimates that it holds approximately 2.1 billion boe of proven and probable crude oil and natural gas reserves.

Husky Energy Headlines

No Headlines