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


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What is United Energy Momentum Rank?

United Energy 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.


United Energy Momentum Rank Related Terms

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United Energy (United Energy) Business Description

Traded in Other Exchanges
N/A
Address
101 East Park Boulevard, 6th Floor, Plano, TX, USA, 75074
United Energy Corp is engaged in the exploration and production of oil and natural gas properties. The company's holdings include assets and operations in Texas, Oklahoma, Kansas, and Louisiana.
Executives
Jack Silver director, 10 percent owner 660 MADISON AVENUE, NEW YORK NY 10021
Adam Hershey director 140 RIVERSIDE BOULEVARD, APT 2302, NEW YORK NY 10069
Grano Joseph J Jr other: Former 10% Owner C/O MEDGENICS, INC., 435 DEVON PARK DRIVE BLDG 700, WAYNE PA 19087

United Energy (United Energy) Headlines

From GuruFocus

United Energy Announces Major Acquisition Update

By PRNewswire PRNewswire 10-05-2021

United Energy Announces Update To Major Acquisition

By PRNewswire PRNewswire 10-27-2021

United Energy Announces New Corporate Direction

By PRNewswire PRNewswire 08-02-2021

UNITED ENERGY ANNOUNCES SECURED FINANCING OF UP TO $5 MILLION

By PRNewswire PRNewswire 10-26-2022

UNITED ENERGY ANNOUNCES MAJOR CORPORATE ADVANCEMENTS

By PRNewswire PRNewswire 08-05-2022