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Vantage Energy Acquisition (Vantage Energy Acquisition) Momentum Rank : 0 (As of May. 05, 2024)


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What is Vantage Energy Acquisition Momentum Rank?

Vantage Energy Acquisition 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.

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Vantage Energy Acquisition (Vantage Energy Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Vantage Energy Acquisition Corp (NAS:VEACU) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
5221 N. O’Connor Boulevard, 11th Floor, Irving, TX, USA, 75039
Website
Vantage Energy Acquisition Corp is a blank check company.
Executives
Craig S Glick director 6122 NORWAY DALLAS TX 75230
Scott Gieselman director REG NEWCO, INC. 416 S. BELL AVENUE, AMES IA 50010
Justin A. Gannon director 3 CHESTER DOWNS, SAN ANTONIO TX 78257