GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Allied Resources Inc (OTCPK:ALOD) » Definitions » Momentum Rank

Allied Resources (Allied Resources) Momentum Rank : 0 (As of May. 22, 2024)


View and export this data going back to 2005. Start your Free Trial

What is Allied Resources Momentum Rank?

Allied Resources 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.

Allied Resources Momentum Rank Related Terms

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

Allied Resources (Allied Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Allied Resources Inc (OTCPK:ALOD) » Definitions » Momentum Rank
Comparable Companies
ATRVF TSXV:LNE.H XCNQ:ISM ASX:TNP XCNQ:OIL TSXV:EGL TSXV:CHY.H TSXV:NTN.H TSXV:GOE TSXV:NE.H TSXV:PNN GDPMQ TSXV:XL TSXV:SHM TSXV:PMX TSXV:SKK OOIL TSXV:UHO LSE:CZN TSXV:WEB.H
Traded in Other Exchanges
N/A
Address
1403 East 900 South, Salt Lake City, UT, USA, 84105
Website
https://www.alliedresourcesinc.com
Allied Resources Inc is engaged in the business of acquiring, developing, producing, and selling oil and gas production and properties to companies located within the continental United States.
Executives
Ruairidh Campbell director, 10 percent owner, officer: CEO, CFO, PAO 600 WESTWOOD TERRACE, AUSTIN TX 78746

Allied Resources (Allied Resources) Headlines

No Headlines