Superior Drilling Products (Superior Drilling Products) Momentum Rank : 4 (As of May. 05, 2024)

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What is Superior Drilling Products Momentum Rank?

Superior Drilling Products 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 Superior Drilling Products's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, Superior Drilling Products'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.

Superior Drilling Products's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Superior Drilling Products's Momentum Rank falls into.

Superior Drilling Products Momentum Rank Related Terms

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Superior Drilling Products (Superior Drilling Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Superior Drilling Products Inc (AMEX:SDPI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SDW:Germany

Address

1583 South 1700 East, Vernal, UT, USA, 84078

Website

https://www.sdpi.com

Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.

Executives

Star Equity Fund, Lp	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Fund Gp, Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Investment Management Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Value, Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Holdings, Inc.	10 percent owner	53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870
Christopher Cashion	officer: Chief Financial Officer	1583 S. 1700 E., VERNAL UT 84078
Robert Iverson	director	4928 FM 1374 ROAD, HUNTSVILLE TX 77340
Annette Meier	director, 10 percent owner, officer: See Remarks	1583 S. 1700 E., VERNAL UT 84078
G. Troy Meier	director, 10 percent owner, officer: See Remarks	1583 S. 1700 E., VERNAL UT 84078
Lone Star Value Management Llc	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
James R Lines	director	11 HILLSIDE PARKWY, LANCSTER NY 14068
Jeffrey E. Eberwein	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Lone Star Value Co-invest I, Lp	other: See Footnote 1	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Gp Llc	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Lp	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870