Victory Oilfield Tech (Victory Oilfield Tech) Momentum Rank : 0 (As of Jun. 23, 2024)

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What is Victory Oilfield Tech Momentum Rank?

Victory Oilfield Tech 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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Victory Oilfield Tech (Victory Oilfield Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Victory Oilfield Tech Inc (OTCPK:VYEY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

3355 Bee Caves Road, Suite 608, Austin, TX, USA, 78746

Website

https://www.vyey.com

Victory Oilfield Tech Inc is an oilfield energy-tech products company focused on improving well performance and extending the lifespan of the industry's most sophisticated and expensive equipment. The company's products include solutions for drill-pipe, production tubing, and radio frequency identification (RFID) enclosures. The company's only reportable segment is Hardband Services. Hardband Services provides various hardbanding solutions to oilfield operators for drill pipe, weight pipe, tubing, and drill collars.

Executives

Armacor Victory Ventures Llc	10 percent owner	26497 RANCHO PARKWAY SOUTH, DANA POINT CA 92630
Eric Eilersten	director	C/O VICTORY ENERGY CORPORATION, 3355 BEE CAVES ROAD, SUITE 608, AUSTIN TX 78746
Kevin Deleon	director
Ricardo A Salas	director
Visionary Private Equity Group I, Lp	10 percent owner	1325 W SUNSHINE #162, SPRINGFIELD MO 65807
Michael Cosby	10 percent owner	901 E. ST. LOUIS STREET, STE 1800, SPRINGFIELD MO 65806
Visionary Pe Gp I, Llc	10 percent owner	1325 W. SUNSHINE ST., NO. 162, SPRINGFIELD MO 65807
Smith Fred James Jr	officer: Chief Financial Officer	3355 BEE CAVES RD, SUITE 608, AUSTIN TX 78746
Mark Wendell Biggers	officer: CHIEF FINANCIAL OFFICER	3355 BBEE CAVES RD, SUITE 608, AUSTIN TX 78746
Kenneth E Hill	director, officer: CHIEF OPERATIONS OFFICER	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH X1 92660
Lindsey Stanley L Jr	officer: VP EXPLORATION & DEVELOPMENT	20341 IRVINE AVENUE, #D-6, IRVINE CA 92660
Ronald Zamber	director	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660
Robert W Grenley	director	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660
Robert Miranda	officer: Chief Executive Officer	2801 W. COAST HIGHWAY, SUITE 370, NEWPORT BEACH CA 92663
Edgar Trotter	director	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660