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Black Stone Minerals LP (FRA:45B) Momentum Rank : 0 (As of Apr. 26, 2024)


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What is Black Stone Minerals LP Momentum Rank?

Black Stone Minerals LP 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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Black Stone Minerals LP (FRA:45B) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Black Stone Minerals LP (FRA:45B) » Definitions » Momentum Rank
Comparable Companies
NOG CRC CNX CRK KOS MGY DEN SM CPE PR COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
BSM:USA
Address
1001 Fannin Street, Suite 2020, Houston, TX, USA, 77002
Website
https://www.blackstoneminerals.com
Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which make up the majority of the asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests.

Black Stone Minerals LP (FRA:45B) Headlines

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