ReGen III (ReGen III) Momentum Rank : 2 (As of May. 20, 2024)

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What is ReGen III Momentum Rank?

ReGen III 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 ReGen III's Momentum Rank

For the Oil & Gas Refining & Marketing subindustry, ReGen III'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.

ReGen III's Momentum Rank Distribution in the Oil & Gas Industry

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

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

ReGen III Momentum Rank Related Terms

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ReGen III (ReGen III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ReGen III Corp (OTCPK:ISRJF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PN41:Germany GIII:Canada

Address

400 Burrard Street, Suite 1750, Vancouver, BC, CAN, V6C 3A6

Website

https://www.regeniii.com

ReGen III Corp is a cleantech company that is building sustainable green projects with compelling economics, without relying on government subsidies. It owns a portfolio of patented technologies that enable used motor oil (UMO) re-refineries to produce a higher-value product mix of base oils than traditional methods.

ReGen III (ReGen III) Headlines

From GuruFocus

Gen III Oil Corp. Grants Stock Options

By GlobeNewswire GlobeNewswire • 06-02-2020

Gen III Oil Corporation - Closes Private Placement

By GlobeNewswire GlobeNewswire • 05-30-2020

Gen III Announces Closing of Debt Settlement and Grant of Stock Options

By GlobeNewswire GlobeNewswire • 02-04-2021

Gen III Oil Corp. Closes Second Tranche of Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 12-06-2018

Gen III Oil Corp. Grants Stock Options

By GlobeNewswire GlobeNewswire • 02-06-2020

Gen III Oil Corporation Announces Application to Extend Warrants

By GlobeNewswire GlobeNewswire • 11-02-2019

Gen III Oil Corp. - Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 11-01-2018