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Encanto Potash (Encanto Potash) Momentum Rank : 0 (As of May. 16, 2024)


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What is Encanto Potash Momentum Rank?

Encanto Potash 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.

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Encanto Potash (Encanto Potash) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Encanto Potash Corp (OTCPK:ENCTF) » Definitions » Momentum Rank
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Traded in Other Exchanges
EPO.H:Canada
Address
3123 - 595 Burrard Street, Vancouver, BC, CAN, V7X 1J1
Website
https://www.encantopotash.ca
Encanto Potash Corp is a Canadian-based company involved in the industrial metals and mining business sector. The company is engaged in the exploration and development of potash properties in the Province of Saskatchewan. It focuses on the Muskowekwan First Nation potash mineral deposits located on the reserve lands approximately 100 km north of Regina, Saskatchewan.

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