Enviva (Enviva) Momentum Rank : 1 (As of Apr. 27, 2024)

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What is Enviva Momentum Rank?

Enviva 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 Enviva's Momentum Rank

For the Lumber & Wood Production subindustry, Enviva'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.

Enviva's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Enviva's Momentum Rank distribution charts can be found below:

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

Enviva Momentum Rank Related Terms

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

Enviva (Enviva) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Enviva Inc (NYSE:EVA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

XV6:Germany XV6:Germany

Address

7272 Wisconsin Avenue, Suite 1800, Bethesda, MD, USA, 20814

Website

https://www.envivabiomass.com

Enviva Inc develop, construct, acquire, and own and operate, fully contracted wood pellet production plants where the company aggregate a natural resource, wood fiber, and process it into dry, densified, uniform pellets that can be effectively stored and transported around the world. The company sells term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, who use pellets to displace coal and other fossil fuels to generate power and heat as part of their efforts to accelerate the energy transition away from conventional energy sources. The company derive a majority of revenues from customers in Europe.

Executives

Inclusive Capital Partners, L.p.	10 percent owner, other: See Remarks	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Glenn Nunziata	officer: EVP and CFO	7272 WISCONSIN AVE., STE 1800, BETHESDA MD 20814
Bumgarner John C Jr	director
Ralph Alexander	director	1000 LOUISIANA, SUITE 1450, HOUSTON TX 77002
Mark A Coscio	officer: EVP and CDO	757 N. ELDRIDGE PARKWAY, HOUSTON TX 77079
Lansing Gerrit Livingston Jr.	director	C/O BTG PACTUAL, 601 LEXINGTON AVENUE, 57TH FLOOR, NEW YORK NY 10022
Gary L Whitlock	director
Jason E. Paral	officer: SVP, Gen. Counsel & Secretary	7272 WISCONSIN AVENUE, SUITE 1800, BETHESDA MD 20814
John-paul D. Taylor	officer: SVP and CCO	7272 WISCONSIN AVENUE, SUITE 1800, BETHESDA MD 20814
Yana Kravtsova	officer: EVP, Comms, Public & Env. Aff.	7550 WISCONSIN AVE., 9TH FLOOR, BETHESDA MD 20814
John K. Keppler	director, officer: Chairman and CEO	7200 WISCONSIN AVENUE, SUITE 1000, BETHESDA MD 20814
Jeffrey W Ubben	director, 10 percent owner, other: See Remarks	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Shai Even	officer: Exec VP and CFO	7616 LBJ FREEWAY, SUITE 300, DALLAS TX 75251
Edward Royal Smith	officer: Vice President Operations	7200 WISCONSIN AVE., SUITE 1000, BETHESDA MD 20814
Thomas Meth	officer: Exec V.P. of Sales & Marketing	7200 WISCONSIN AVENUE, SUITE 1000, BETHESDA MD 20814