Ovintiv (TSX:OVV) Momentum Rank : 5 (As of Dec. 13, 2024)

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What is Ovintiv Momentum Rank?

Ovintiv has the Momentum Rank of 5.

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 Ovintiv's Momentum Rank

For the Oil & Gas E&P subindustry, Ovintiv'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.

Ovintiv's Momentum Rank Distribution in the Oil & Gas Industry

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

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

Ovintiv Momentum Rank Related Terms

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Ovintiv Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ovintiv Inc (TSX:OVV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

OVV:USA 47Q:Germany

Address

370 - 17th Street, Suite 1700, Denver, CO, USA, 80202

Website

https://www.ovintiv.com

Ovintiv is a North American oil and natural gas exploration and production company. It focuses on the exploration and development of oil, NGLs, and natural gas reserves. The company has three segments: USA Operations, Canadian Operations, and Market Optimization.

Executives

Katherine Lucas Minyard	Director
Joanne Linette Cox	Senior Officer
Stephen Carter Campbell	Senior Officer
Rachel Maureen Moore	Senior Officer
Howard John Mayson	Director
Douglas James Suttles	Director, Senior Officer
Thomas Gregory Ricks	Director
Brendan Michael Mccracken	Senior Officer
Michael Mcallister	Senior Officer
David Glen Hill	Senior Officer
Corey Douglas Code	Senior Officer
Brian Gordon Shaw	Director
Bruce G. Waterman	Director
Fred John Fowler	Director
Michael Williams	Director