International Seaways (FRA:IS5) Momentum Rank : 1 (As of Jun. 08, 2024)

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What is International Seaways Momentum Rank?

International Seaways has the Momentum Rank of 1.

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 International Seaways's Momentum Rank

For the Oil & Gas Midstream subindustry, International Seaways'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.

International Seaways's Momentum Rank Distribution in the Oil & Gas Industry

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

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

International Seaways Momentum Rank Related Terms

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International Seaways (FRA:IS5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » International Seaways Inc (FRA:IS5) » Definitions » Momentum Rank

Comparable Companies

GLNG NS HEP VNOM HESM KNTK CEQP DHT STNG PAGP TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

INSW:USA INSW:Mexico

Address

600 Third Avenue, 39th Floor, New York, NY, USA, 10016

Website

https://www.intlseas.com

International Seaways Inc owns and operates a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products. The company's vessel operations are organized into two segments: Crude Tankers and Product Carriers. The fleet consists of ULCC, VLCC, Suezmax, Aframax, and Panamax crude tankers, as well as LR1, LR2, and MR product carriers.

International Seaways (FRA:IS5) Headlines

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