Quadrise Fuels International (Quadrise Fuels International) Momentum Rank : 0 (As of May. 31, 2024)

View and export this data going back to 2013. Start your Free Trial

What is Quadrise Fuels International Momentum Rank?

Quadrise Fuels International has the Momentum Rank of 0.

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.

Quadrise Fuels International Momentum Rank Related Terms

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

Quadrise Fuels International (Quadrise Fuels International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Quadrise Fuels International PLC (GREY:QDRSF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

QED:UK 8QF:Germany

Address

10A Arthur Street, Foresight House No. 10, London, GBR, EC4R 9AY

Website

https://www.quadrise.com

Quadrise PLC is an energy technology provider. It manufactures and markets emulsion fuels for use in power generation, industrial, and marine diesel engines, and steam generation applications. It has a single business segment, which is to produce emulsion fuel (or supply the associated technology to third parties) as a low-cost substitute for conventional heavy fuel oil ("HFO") for use in power generation plants and industrial and marine diesel engines.