Pulse Seismic (TSX:PSD) Momentum Rank : 6 (As of Apr. 26, 2024)

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What is Pulse Seismic Momentum Rank?

Pulse Seismic 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 Pulse Seismic's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, Pulse Seismic'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.

Pulse Seismic's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Pulse Seismic's Momentum Rank falls into.

Pulse Seismic Momentum Rank Related Terms

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Pulse Seismic (TSX:PSD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pulse Seismic Inc (TSX:PSD) » Definitions » Momentum Rank

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PLSDF:USA

Address

421 - 7th Avenue South West, Suite 2700, Calgary, AB, CAN, T2P 4K9

Website

https://www.pulseseismic.com

Pulse Seismic Inc is a Canadian company which acts as a provider of seismic data to the energy sector in western Canada. The company is engaged in the acquisition, marketing, and licensing of 2D and 3D seismic data to the energy sector. It offers the full suite of project management services including On-site professional project management, experienced cost estimation services, daily reporting to clients and detailed project cost tracking, procurement of subcontractors to ensure regulatory compliance, and others.

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