CWC Energy Services (CWC Energy Services) Momentum Rank : 1 (As of Apr. 26, 2024)

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What is CWC Energy Services Momentum Rank?

CWC Energy Services has the Momentum Rank of 1.

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 CWC Energy Services's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, CWC Energy Services'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.

CWC Energy Services's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CWC Energy Services's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CWC Energy Services's Momentum Rank falls into.

CWC Energy Services Momentum Rank Related Terms

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CWC Energy Services (CWC Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CWC Energy Services Corp (OTCPK:CAWLF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

605 – 5th Avenue South West, Suite 2910, Calgary, AB, CAN, T2P 3H5

Website

https://www.cwcenergyservices.com

CWC Energy Services Corp is an oilfield services company providing drilling and well servicing to oil and gas exploration and development companies throughout the Western Canadian Sedimentary Basin (WCSB) and selects United States basins including the Permian, Eagle Ford, Niobrara, Denver-Julesburg (DJ), Powder River and Bakken. The company has two operating segments; The Contract Drilling segment provides drilling rigs and related ancillary equipment to oil and gas exploration and production companies in both Canada and the United States. The Production Services segment provides well services to oil and gas exploration and production companies through the use of service rigs in Canada.

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