GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Panoramic Resources Ltd (OTCPK:PANRF) » Definitions » Momentum Rank

Panoramic Resources (Panoramic Resources) Momentum Rank : 0 (As of May. 18, 2024)


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

What is Panoramic Resources Momentum Rank?

Panoramic 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.

Panoramic Resources Momentum Rank Related Terms

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

Panoramic Resources (Panoramic Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Panoramic Resources Ltd (OTCPK:PANRF) » Definitions » Momentum Rank
Comparable Companies
TMRC WWR UAMY RNGE BYU FUST LITM LBSR LBRMF XPL ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
Traded in Other Exchanges
N/A
Address
553 Hay Street, Level 9, Perth, WA, AUS, 6000
Website
https://www.panoramicresources.com
Panoramic Resources Ltd is engaged in the exploration, evaluation, and development of mineral deposits. The company is organised into one operating segment, which is mineral production, exploration and development at the Savannah Nickel Project It operates in one geographical area which is Australia.

Panoramic Resources (Panoramic Resources) Headlines

From GuruFocus

Weekly Commodity Update for Nickel and Zinc

By JFSigerson JFSigerson • 01-27-2015