BP Prudhoe Bay Royalty Trust (BP Prudhoe Bay Royalty Trust) Momentum Rank : 6 (As of Apr. 26, 2024)

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What is BP Prudhoe Bay Royalty Trust Momentum Rank?

BP Prudhoe Bay Royalty Trust has the Momentum Rank of 6.

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 BP Prudhoe Bay Royalty Trust's Momentum Rank

For the Oil & Gas Midstream subindustry, BP Prudhoe Bay Royalty Trust'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.

BP Prudhoe Bay Royalty Trust's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, BP Prudhoe Bay Royalty Trust's Momentum Rank distribution charts can be found below:

* The bar in red indicates where BP Prudhoe Bay Royalty Trust's Momentum Rank falls into.

BP Prudhoe Bay Royalty Trust Momentum Rank Related Terms

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BP Prudhoe Bay Royalty Trust (BP Prudhoe Bay Royalty Trust) Business Description

Industry

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Traded in Other Exchanges

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Address

601 Travis Street, Floor 16, Houston, TX, USA, 77002

Website

http://www.bnymellon.com

BP Prudhoe Bay Royalty Trust is a grantor trust operating in the US. The property of the Trust consists of an overriding royalty interest. The Royalty Interest entitles the Trust to receive the royalty from the production of crude oil and condensate from the working interest of BP Exploration (Alaska) Inc. in the Prudhoe Bay oil field located on the North Slope of Alaska.