ChampionX (ChampionX) Momentum Rank : 10 (As of May. 07, 2024)

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What is ChampionX Momentum Rank?

ChampionX has the Momentum Rank of 10.

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 ChampionX's Momentum Rank

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

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

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

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

ChampionX Momentum Rank Related Terms

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

ChampionX (ChampionX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ChampionX Corp (NAS:CHX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

X9P:Germany

Address

2445 Technology Forest Boulevard, Building 4, 12th Floor, The Woodlands, TX, USA, 77381

Website

https://www.championx.com

ChampionX provides chemical solutions and equipment for onshore and offshore oil and gas production. Its engineering expertise spans the well life cycle, but the firm maintains a particular focus on the production phase. Key offerings include artificial lift services and drilling technologies, specializing in polycrystalline diamond cutter inserts. ChampionX was formed after Apergy acquired its chemical technologies business from Ecolab in 2020.

Executives

Deric D. Bryant	officer: See remarks	1 ECOLAB PLACE, ST. PAUL MN 55102
Sivasankaran Somasundaram	director, officer: President & CEO	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
William Jr. O'dell	officer: See remarks	2445 TECHNOLOGY FOREST BOULEVARD, BUILDING 4, 12TH FLOOR, THE WOODLANDS TX 77381
Elaine M Pickle	director	ONE ENERGY PLAZA, DETROIT MI 48226
Fierro A Carlos	director	910 LOUISIANA STREET, HOUSTON TX 77002
Paul E Mahoney	officer: See Remarks	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Antoine Marcos	officer: VP, Corp Controller, CAO	2445 TECHNOLOGY FOREST BOULEVARD, BUILDING 4, 12TH FLOOR, THE WOODLANDS TX 77381
Stephen M. Todd	director	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 606515
Julia Wright	officer: Senior VP, GC & Secretary	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Heidi S Alderman	director	C/O OLIN CORPORATION, 190 CARONDELET PLZ, STE 1530, CLAYTON MO 63105
Stuart D Porter	director	200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Jordan Zweig	officer: SVP & Chief HR Officer	2445 TECHNOLOGY FOREST BOULEVARD, BUILDING 4, 12TH FLOOR, THE WOODLANDS TX 77381
Syed Raza	officer: SVP & Chief Digital Officer	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Amy Thompson Broussard	officer: Senior VP & Chief HR Officer	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Shankar Annamalai	officer: Senior VP Operations	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381