New Fortress Energy (New Fortress Energy) Momentum Rank : 4 (As of Jun. 05, 2024)

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What is New Fortress Energy Momentum Rank?

New Fortress Energy has the Momentum Rank of 4.

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 New Fortress Energy's Momentum Rank

For the Utilities - Regulated Gas subindustry, New Fortress Energy'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.

New Fortress Energy's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, New Fortress Energy's Momentum Rank distribution charts can be found below:

* The bar in red indicates where New Fortress Energy's Momentum Rank falls into.

New Fortress Energy Momentum Rank Related Terms

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New Fortress Energy (New Fortress Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » New Fortress Energy Inc (NAS:NFE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NF0:Germany NF0:Germany

Address

111 W. 19th Street, 8th Floor, New York, NY, USA, 10011

Website

https://www.newfortressenergy.com

New Fortress Energy is an integrated gas-to-power company. Its business model spans the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, terminals, and conversion or development of a natural gas-fired generation. It has invested in floating, liquefied natural gas vessels to both lower the cost of acquiring gas while securing a long-term supply for its terminals. Its segments include terminals and infrastructure, or T&I, and ships.

Executives

Desmond Iain Catterall	director	C/O NEW FORTRESS ENERGY HOLDINGS, 111 WEST 19TH STREET 8TH FLOOR, NEW YORK NY 10011
Timothy W. Jay	director	111 W 19TH STREET, 8TH FLOOR, NEW YORK NY 10011
Matthew Wilkinson	director	C/O NEW FORTRESS ENERGY HOLDINGS, 111 WEST 19TH STREET 8TH FLOOR, NEW YORK NY 10011
C. William Griffin	director	C/O NEW FORTRESS ENERGY HOLDINGS, 111 WEST 19TH STREET 8TH FLOOR, NEW YORK NY 10011
Katherine Wanner	director	C/O NEW FORTRESS ENERGY HOLDINGS, 111 WEST 19TH STREET 8TH FLOOR, NEW YORK NY 10011
Nfe Smrs Holdings Llc	10 percent owner	10 STATION PLACE, P.O. BOX 233, NORFOLK CT 06058
Yunyoung Shin	officer: Chief Accounting Officer	C/O NEW FORTRESS ENERGY, 111 WEST 19TH STREET, 8TH FLOOR, NEW YORK NY 10011
John J Mack	director	C/O MORGAN STANLEY 1585 BROADWAY, NEW YORK NY 10036
Lynn Edens	10 percent owner	C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Edens Family Holdings Llc	10 percent owner	C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Alexander Thomson	10 percent owner	10 STATION PLACE, P.O. BOX 233, NORFOLK CT 06058
Jonathan Rotolo	10 percent owner	10 STATION PLACE, P.O. BOX 233, NORFOLK CT 06058
Great Mountain Partners Llc	10 percent owner	157 CHURCH STREET, 20TH FLOOR, NEW HAVEN CT 06510
David J Grain	director	C/O MOTIENT CORPORATION, 300 KNIGHTSBRIDGE PARKWAY, LINCOLNSHIRE IL 60069
Wesley R Edens	director, officer: Chief Executive Officer	1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105