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Loop Energy (TSX:LPEN) Momentum Rank : 0 (As of May. 14, 2024)


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What is Loop Energy Momentum Rank?

Loop Energy 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.

Loop Energy Momentum Rank Related Terms

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Loop Energy (TSX:LPEN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Loop Energy Inc (TSX:LPEN) » Definitions » Momentum Rank
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Traded in Other Exchanges
LPENF:USA
Address
2880 Production Way, Burnaby, BC, CAN, V5A 4T6
Website
https://www.loopenergy.com
Loop Energy Inc is a developer, manufacturer, and supplier of hydrogen fuel cells to vehicle and power generation system manufacturers. It sells and services two categories of products: fuel cell stacks and fuel cell modules, which serve a variety of commercial applications including light commercial vehicles, transit buses, medium and heavy-duty trucks, marine, train, mining trucks, material handling vehicles, and stationary power.

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