Scorpio Tankers (Scorpio Tankers) Momentum Rank : 2 (As of May. 07, 2024)

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What is Scorpio Tankers Momentum Rank?

Scorpio Tankers has the Momentum Rank of 2.

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 Scorpio Tankers's Momentum Rank

For the Oil & Gas Midstream subindustry, Scorpio Tankers'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.

Scorpio Tankers's Momentum Rank Distribution in the Oil & Gas Industry

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

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

Scorpio Tankers Momentum Rank Related Terms

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Scorpio Tankers (Scorpio Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Scorpio Tankers Inc (NYSE:STNG) » Definitions » Momentum Rank

Comparable Companies

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

Traded in Other Exchanges

S0QA:Germany

Address

Le Millenium 9, Boulevard Charles III, Monaco, MCO, 98000

Website

https://www.scorpiotankers.com

Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.