San Juan Basin Royalty Trust (San Juan Basin Royalty Trust) Momentum Rank : 2 (As of Apr. 27, 2024)

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What is San Juan Basin Royalty Trust Momentum Rank?

San Juan Basin Royalty Trust has the Momentum Rank of 2.

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 San Juan Basin Royalty Trust's Momentum Rank

For the Oil & Gas E&P subindustry, San Juan Basin 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.

San Juan Basin Royalty Trust's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, San Juan Basin Royalty Trust's Momentum Rank distribution charts can be found below:

* The bar in red indicates where San Juan Basin Royalty Trust's Momentum Rank falls into.

San Juan Basin Royalty Trust Momentum Rank Related Terms

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San Juan Basin Royalty Trust (San Juan Basin Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » San Juan Basin Royalty Trust (NYSE:SJT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 Post Oak Boulevard, Floor 18, Houston, TX, USA, 77056

Website

http://www.sjbrt.com

San Juan Basin Royalty Trust is an energy sector royalty trust in the United States. It owns approximately 75% net profit interest in a large number of natural gas properties in the San Juan Basin of New Mexico. About 98% of the royalties San Juan collects come from natural gas, with the balance coming from oil.

Executives

J Taylor Crandall	10 percent owner	2775 SAND HILL RD, SUITE 220, MENLO PARK CA 94025
Bruce Robert W Iii	10 percent owner
Algenpar Inc	10 percent owner
Alpine Capital Lp	10 percent owner