TechnipFMC (WBO:FTI) Momentum Rank : 3 (As of Apr. 29, 2024)

View and export this data going back to 2017. Start your Free Trial

What is TechnipFMC Momentum Rank?

TechnipFMC has the Momentum Rank of 3.

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 TechnipFMC's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, TechnipFMC'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.

TechnipFMC's Momentum Rank Distribution in the Oil & Gas Industry

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

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

TechnipFMC Momentum Rank Related Terms

Thank you for viewing the detailed overview of TechnipFMC's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

TechnipFMC (WBO:FTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TechnipFMC PLC (WBO:FTI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FTI:USA 1T1:Germany T1EC34:Brazil

Address

13460 Lockwood Road, Houston, TX, USA, 77044

Website

https://www.technipfmc.com

TechnipFMC is the largest pure-play offshore service provider, offering integrated deep-water offshore oil and gas development solutions that span the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.