SeaBird Exploration (OSL:SBX) Momentum Rank : 5 (As of May. 14, 2024)

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What is SeaBird Exploration Momentum Rank?

SeaBird Exploration has the Momentum Rank of 5.

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 SeaBird Exploration's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, SeaBird Exploration'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.

SeaBird Exploration's Momentum Rank Distribution in the Oil & Gas Industry

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

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

SeaBird Exploration Momentum Rank Related Terms

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SeaBird Exploration (OSL:SBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SeaBird Exploration PLC (OSL:SBX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SBXO:Sweden E36:Germany

Address

Andrea Tselepou No. 14, Yeroskipou, Pafos, CYP, 8201

Website

https://www.sbexp.com

SeaBird Exploration PLC is engaged in providing marine 2D and 3D seismic data for the oil and gas industry. The services provided by the company include 3D and 3D water acquisition, source vessel, 2D seismic acquisition, and Multi-client. Geographically, the company operates in Europe, the Middle East & Africa (EMEA), North & South America (NSA), and derives a majority of its revenue from the Asia Pacific (APAC) region.

SeaBird Exploration (OSL:SBX) Headlines

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