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Greenvale Energy (Greenvale Energy) Momentum Rank : 0 (As of May. 18, 2024)


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What is Greenvale Energy Momentum Rank?

Greenvale Energy 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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Greenvale Energy (Greenvale Energy) Business Description

Traded in Other Exchanges
Address
189 Kent Street, Suite 6, Level 5, Sydney, NSW, AUS, 2000
Greenvale Energy Ltd is engaged in exploring minerals development properties. Its projects include the Alpha Torbanite Project in Queensland and the Geothermal Projects, located in the Millungera Basin and Longreach, Queensland. The company is managed based on its development and exploration of the group's mineral interests in the geographical region of Queensland and its corporate activities in Australia. Majority of the company's revenue is generated from Corporate segment.

Greenvale Energy (Greenvale Energy) Headlines